The Tuesday plunge below 2053.25, negated bull extension risk for mid-March for a switch to a range theme, but the rebound from ahead of 2036.5 has rejected a more bearish shift.
Range Parameters: We see the range defined by 2036.5 and 2103.5.
- We see an upside bias through 2068.5 for 2075.0; break here aims for 2082.5.
- But below 2058/56 opens risk down to 2038.25/36.5.
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2 Hour S&P 500 E-mini Future Chart (March contract)