Mike Paulenoff thinks the e-SPU appears to have pivoted off of a marginal new high at 1248.50 and is heading for another visit of this morning's low at 1242.25.
Mike Paulenoff thinks the e-SPU might be in the early process of rolling over into a corrective period that should press the index to retest and break support at 1235.75 on the way to 1220 and then 1210.
Although the Q's did break below 37.24 earlier this morning, the downside follow-through only amounted to a few cents prior to a pivot to the upside and a run to 38.40...
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