Watch that line! E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! Auguraltrader The S&P500 appears to have come to a coiling point yet again. It has stalled since the shooting star formation, but did not capitulate into a breakdown... yet. The stall has a up trending support (red) line that appears nearing to be at risk of breakdown. MACD suggest a weak bounce to fall further as it is in the bear territory already. As does the Relative Price Strength indicator show a turning over. This brings a potential breakdown to Tuesday or Wednesday next week as it would breakdown through the 55EMA as well. I would be wary...