Charts I’m Watching: Mar 7, 2017

SPX nailed our downside target yesterday, then turned around and came within pennies of our bounce target.  Today promises to be not quite as easy, as CL has joined VIX in propping up the futures overnight — but, at pivot points where they could break out or break down.

Odds are the 5-pt loss is designed to hold SPX to a backtest in the opening minutes of trading — putting in a floor of sorts.

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