There is little support and a lot of white space between the current level and the 200 Day EMA Purple line. Bottom line is if the market cannot hold the low of yesterday 1737.92 it could get very ugly. Expect a bounce rally on Thursday and take the opportunity to lessen positions and sell into whatever strength there may be. Neutaral is a great position to be in till a discernable trend is established.
Created with ProphetCharts®