[/caption] Presently in the after hours we have a doji on the 200 ema, this is perfect for a break out to determine direction. The Point of control for today is 1094.25 for a bullish break out on low volume. Looking for 1094.25 as first resistance, 1100-02 as second resistance and then 1109-11 for the next area of resistance and a congestion zone. It looks like we do have price failure into the 1086-94 congestoion zone this past three days so there is a possibility for a sell off breaking the supporting trend line (yellow) with a move past 1080.50 then on to 1069 area. If we move below the 1062 area I would be looking for a formation of an Inverted H&S in this next two weeks. S&P 500 day trading course
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