S&P weekend analysis
1 yr daily - 930 ............important figure, failure to go above will bring 890 back into play
watching red trend line channel - failure to break 930 will bring 890 coinciding with orange trend line
above 930, then we all know next level is 200 MA 950 ..........
1 week 10 min - important numbers
931 .....if broken then 950 as already mentioned
925 - if broken then 921(3 trendlines neck tie) & 918(50MA) .......if theses supports are not held then 914(thursdays low ) ............and then 908 (gap fill)
1 month 60 min - red candle shows failure of the retest of 930 region
conclusion - I will certainly be looking to short this market as we continue to show failure of rising above the 930 level , not to mention the weakness in the Nasdaq.
stop loss above 931 ........if triggered then I will certainly change my bias and look to go long