The S&P Futures have tested the key 2247 area this morning. That area held and on a push back through the daily pivot the Bulls were able to squeeze price into the 2264 area. Bears must defend 2264 in order to avoid another squeeze that would threaten the all time highs at 2273. Bears needs to get back below 2255 and ultimately convert 2247 in order to have any chance at winning the tape today.
15 Min Chart: