The SPX continued to test and fail at the MTFZ~R @ 3111/3146, and is now heading back down to test the YP/MP @ 2974/2960. The end of June and second quarter early this week will establish the key pivot support and resistance zones for the next three months. The 3rd quarter pivot and zones will be an integral part in determining the primary direction of the SPX going into the second half of the year, and whether or not the Bear market continues with a retest of the March low.

I’ll be updating the SPX chart again on Tuesday evening with the July monthly pivot zones and the 3rd quarter pivot zones. For the time being the key support remains at the YP/MP @ 2974/2960, a failure to hold this level would potentially drop support down to the MTFZ~S @ 2809/2773. Good Luck & Trade Safe.

SPX ~ Pivot Zones