S&P 500 futures slipped lower overnight which has continued into the day session till firming up for a bounce around 10:30. That bounce completed around noon and now is back to sliding lower. I want to see 3957 tested and ideally fail as the market pushes for a retest of the ascending trend line. Next supports under 3957 are 3940 and 3934, either of which look achievable today.
Since I have it up in front of me, here is the futures chart as well.
A quick peek at one of the problem children, gold in this case. GC poked over the 20 period EMA so have to let it push for 1975.50, where it is now, or likely higher to 1982.40 or 1990.40.
Crude is now up to just short of the next overhead target for C of (II) at 74.15. A good place for those trading long to manage in some way. Very aggressive to fade but not crazy to look for a place to test the water. A would-be bear is in better shape when CL is under at least 72.60 or better yet 71.35.