S&P 500 Pre Market Update – Channel Support
The steady stream of bad retails sales data coming in this morning have taken the futures lower. At this time the lower channel is supporting the S&P 500 futures.
This channel support is critical. If it holds then we can expect to see a bounce from here. Should it fail then the market will go much lower… sooner than later.
S&P 500 E-Mini Futures (pre market)
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