prcruz408

US Equities selling off to potential turning point

FX:SPX500   S&P 500 Index
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Last week - 2091 area noted as place where US Equities may turn lower - price didn't reach predetermined level but certainly has reversed sharply undoing the rally from last week. New areas of sell side activity have emerged between the 2070-2080 area. Price is neither creating new higher/lower highs or lows - suggestive of sideways trend. Nearest turning point is approximately 1% away from 2055 - eyeing area of 2031 for long entry - first target of 2058.

If move higher continues after retracement , will look at 2070 and 2090 as second and third targets, respectively.

Be nimble - jobs report on Friday!
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