SP 500 September Futures @ Noon
Courtesy of JESSE’S CAFÉ AMÉRICAIN
Stocks fell from overnight highs on higher than expected unemployment claims this morning.
A test of the pivot point support is underway. I would expect it to hold and perhaps recover after the Europeans have gone home to their folks and blokes, but if it gives way, which would be a clear break of the lower bound of that ‘pivot channel’ then its a new game, as they say.