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3:53 AM New York Time –
Here’s the 2 hour bar chart on the S&P futures. While we still have an hourly bear market, the 5 day cycle count and pattern of the past two weeks certainly looks base-y. The levels to watch on the downside are 4327 and 4309. Break those and we could have a bear party.
Here’s the one hour bar look. Dare I say it looks bullish?
Bulls need to clear 4375 and 4400 to give this Count Basie some upside rhythm.
This is just the intraday look. For more: Head and Shoulders Above
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