S & P 500 seems to be stuck in the range of 1388 to 1426 for some time. Above chart for 30 minutes time frame shows the current price action. The level of 1388 is very critical for this trend on S & P 500 breach of it may provide the acceleration on the downside. The level of 1407 is the pivot and 1426 is the resistance in this trend. The downward channel shows the action for the last week. Its sideways between the levels of 1388 and 1426.
Happy Trading !!!
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