The S&P 500 did drift somewhat lower from resist yesterday but did not make it to a new low. A new low would certainly improve the short term pattern but I can't get too bearish at this point as 2593 SPX is holding. The day before a three day weekend is often positive making today difficult. I'd like to see a poke lower and reverse up in the morning but perhaps they remain trapped sideways today and spike lower Monday.
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