10/13/2014 2:13:37 PM
Below is a daily chart of the e-mini S&P 500 futures contract, which represents the S&P 500 index. We can see that as of today, the market is testing a long-time area that it has reacted to many times in the past, both as support and resistance. Today's pause in the downward movement shows that price is once again reacting to this level. Will price hold above this level, or break lower?