SPX futures - It's bearish until it isn'tAll indexes lost the 18ma yesterday on that dramatic reversal - bearish. On /ES the 18ma is sitting at 3680 and any test of that level is an objective short. We also lost the pitchfork fib support, so I must lean bearish until both the 18ma and the pitchfork fib support (3700 more or less) is retaken. I do think at this point we will go lower into next week. I'll be away from my desk this morning until around 10:30 - good luck!
