Markets 7 - 11 March 2016

Weeks ago we stated price would test SPX 2000. With that move complete we now shift focus to one of three eventual outcomes; a resumption of the broader market downtrend, a test and rally from 1950, or a push from Monday's close to SPX 2060.

SPX Daily

Evidence from yesterday's price action suggests a push trough 2000, without retesting 1950, to 2040 - 2060 where we can expect a strong showing from sellers.

Be flexible and ready, however, for selling and buying opportunities on your SPX correlated products between 2000 and 1950.

Happy trading.