futures are a derivative of the cash. Right?
I have a friend who reminds me of this.
Prices for the cash are so close to the swing low bar that I think it will act like a magnet.,
cash might have to print inside that low bar before anything persistent to the upside can unfold.
I am talking about the bar created date of 1/22/08.
according to my TS data (I don't know how reliable), range of that bar was 1322.09 to low 1274.29
IMHO: SPX is going to have to print 1322.09 or lower