Tuesday, 22 September 2015

S&P 500 futures sharply lower through trend line support

Weekly chart shows the S&P 500 has recently broken multiple trend line supports. The next lower trend line around 1700 should act as a magnet, unless the market manages a rally back above the nearby blue trend line. Charts include all sessions trade. Futures are currently pointing to a Tuesday cash market open around 1946, 1% down from the Monday cash market close.

Daily chart shows the futures market is today sharply lower through trend line support.