Emini S&P turned lower in the sideways trend, losing almost 3 days of gains. We broke support at 2458/57 to bottom a point and a half above the lower target of 2444/43.
First resistance at 2465/66 could hold a bounce. but above here tests the high this week at 2471 with a gap to fill at 2473. Watch for a high for the day within this 2 point band. Shorts need stops above the July high at 2480/81 for a retest of the all time high 2488.50. Obviously a sustained break above here is required to put bulls back in full control.
The best support for today should be at 2448/46. Longs need stops below 2442 to target 2436/34 but if we continue lower look for strong support at 2425/23. Try longs with stops below 2416.