Emini S&P500 Consolidation Below Support Suggests Continuation Jul 9, 2015

By Lawrence

Mid-day update: S&P consolidating at the low of 2nd quarter 2015 on daily basis implies continuation to the downside is more likely.

Follow chart of SPY illustrates the point clearly.



Close up view of Emini S&P 15-min chart shows channel mid is still in force.



Today another great call worked out in the morning. From confirmed setup down to R1 at 2055 is a 10+ points swing, that’s $500+ per contract.



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