1:43am
Here’s the SPX daily chart showing some strong resistance around the 945-950 level… and we might need more than just one hit to break this..
 

12:20am
Futures are slightly higher despite the 7% rally that we had yesterday.. although I must warn the bulls once more, even though it looks great for the bulls, we are hitting up against longer term resistance from 2008 (descending) which sorta covers the 945-950 region on the SPX… we hit it at 953 last time on the S&P and now we’re hitting it around these levels.. If we break above, buy on dips, but we might not break above it, and so the H&S could still technically form.