Monday, August 30, 2010

S&P 500 ~ Intraday Update 1 ~ 30 August 2010

Overnight the ES rallied to 1073 but since then it has lost almost 20 handles and is trading around the daily pivot right now.

The SPX has formed a H&S with a neckline at 1056ish and a target of 1047ish. So we should see lower prices today, if the neckline breaches.