On Tuesday here in the states, the SPX closed at 4127.83 after a long fight at 4150, with the biggest spill taking place in the last 10 minutes of the cash equity session. That was not news related from what I can tell and it did involve tech weakness.
The gap from 14 May was closed near ES 4127 and now the naked point of control at 4110 is certainly in play. Remember that this level does not count in the overnight session and must be corrected in the regular cash session. Asia and Europe will probably not react well to this. When things get that indecisive a feel, I find it is better to do intraday work or just watch. Traders will be in caution mode overnight and overall.
