Monday, August 6, 2012

Monday Evening

S&P Futures Daily
S&P futures drifted around all day and couldn't gather enough steam to push over 1396 (1400 on SPX). Daily timeframe indicators have room for more selling. The weekly pivot is 1376 on the futures (1380 on SPX), and that's the first level of major support that I'll be watching if the bears start pressing tomorrow.