Up or Down: Letting the Spoos speak for themselves

We are at an interesting level on the S&P. Looking at the futures, I’m keen on observing any breakouts to new highs. (With a slight pullback I might look to get in a long position… but, honestly, there is very little I want to do with the long side over the next few months in general.)

Decisive takeout of 997.25 and I think a tradeable pullback to the shortside is the next angle of interest.

On the flip side…

If the market can take out 1058.75, then it’s a long towards 1124.