The S&P Futures traded as low as 2228 on Friday. This created a lower price low that has the potential to open the door to a much lower retest. 2228 was defended and price has move up and through the new weekly pivot at 2244.67. Weekly Pivot was the ideal resistance area for Bears on Monday night but after an initial pause the Bulls took price over and through. Bulls will want to hold above weekly pivot all week long now. Bulls have to take out the 2273 all time high or will likely be left with a 2269-2273 that looks more and more like a ceiling with each failed attempt. Expect volatility to creep back into markets certainly by next week.
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