The S&P 500 popped up to test resist and sold off according to plan yesterday the only wrinkle that the selloff late in the day being somewhat more forceful than expected. For today, I like the idea of a bounce to test at least 2725 but more likely 2732 or 2741 SPX. If needed, next support is at 2679 SPX.

You must be logged in as a Daily Analysis or Intraday Analysis subscriber to view the rest of this post.