S&P futures bulls are grinding it back up towards the highs and trying to regain control over the 20day WMA at 1406ish. Short term indicators are looking ripe for selling and the bears are putting up a fight.
Intraday volume is suggesting a 12-15 point range. The high of the day session is 1408, and the low is 1400. That puts a high target area at 1412-1415 if the bulls get busy, and 1393-1396 if the bears get busy. I'm siding with the bearish target for now, or until I see the bulls take back control over 1406ish.
