A more notable corrective setback Tuesday, through modest support at 2092.0, but whilst above the 2076/74 inflection area we see upside pressures as very much intact.
The aggressive bull surge post-FOMC through barriers at 2074.75 and 2096.0 leaves bias for upside challenges into latter March and April, whilst above 2052.25.
For Today: We see a neutral tone between 2076/74 and 2101.0.
- Break above 2101.0 aims for 2107.0, maybe 2109.75/10.25.
- Break below 2076/74 aims for 2060.0, maybe 2052.5.
Short-term Outlook - Upside Risks:
- We now see a more positive tone with the bullish threat to the 2109.75/10.25 peaks.
- Above here targets 2122.5 and 2137.25 Fibo extension levels and 2150 psychological/option target.
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2 Hour S&P 500 E-mini Future Chart (June contract)