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After a slow start SPX is coming into the ideal low area 2680-2700 that Stan has been calling for the last few weeks. SPX is in the low window and we think that a low this week is likely.
Full Intraday Video from theartofchart.net – Update on ES, NQ, CL, NG, GC, SI, HG, ZB, KC, SB, CC, ZW, ZC, ZS, DX, EURUSD, AUDUSD, USDJPY, USDCAD:
The high today was at gap resistance, and at the 50 hour MA which was the obvious resistance area, and the final leg down should now in progress. If SPX should go under 2680 then rising support from the the early April low is now in the 2665 area. That’s not a target here, but under 2680 it would be the next big support level. SPX 60min chart: