A plunge lower overnight has seen recovery supports violated, but the latter March setback low from last week is just holding at 2033.25.
This leaves a very neutral broader outlook with both range supports and resistance violated over recent sessions, but the bounce again from the 2033/30 area points to a rebound to the range today.
- We see an upside bias for 2048.5 and then a pivotal area at 2060/62; break here aims for 2076.25, maybe 2081.75.
- But below 2033.5/33.25 (which we would look to try to hold) opens risk down for 2030.25 maybe 2021.75, which we would again look to try to hold.
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2 Hour S&P 500 E-mini Future Chart (June contract)