SP500 has very strong weekly resistance point at 1.316.10. In trading short term I assume that this point will be above tonight's close. I could be wrong but this is trading. Thursdays close high was 1.315.15. Today's high so far has been 1.315.06.
Rallies have difficulties to hold above 1.312.81. The one hour trend is now down. Selling 1.312.81 now in small pieces. Today's target if a break on downside occurs will be 1.299. If the 1 hour downtrend will be in place at close I will keep positions.
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