Breakdown Junction vs. Buying Opportunity?
6 Month, Daily - S&P Futures show break in support at the Regression Channel Support Line. On this Monthly chart the price action is still within the Bullish Trend.
Weekly S&P Futures, however, shows a Breakdown at Support and an early attempt to establish a new Trend to the Downside. The Price Action this week will be important as we determine the market direction at this juncture. "Technical Analysis is a Windsock, not a Crystal Ball" - Carl Swenlin.