The S&P/ES, Dow/YM, Nasdaq 100/ENQ and Russell 2000/TF closed below critical intermediate term Key Reference Areas on Wednesday and in doing so gave another set of sell signals.
The S&P cash appears headed for at least 1361-1345. A trade above Wednesday’s high (1428.27, basis cash) would invalidate this bearish assumption.
You get twice daily (at a minimum) updates on the ES/S&P and many other markets with a membership to Alexander Trading, as well as a ton of other trading resources. A 30-day trial is only 99.00. Details here.
