Breadth Chart
(click on the chart to enlarge)
The SP500 closed at 2096.92 with a loss of -5.52 or -0.26%. Technically, not much has changed. It is still trading within the boundary of 2108.86 and 2079.11. The potential resistance remains to be 2108.86 and the potential support continues to be 2079.11. If the market responds positively to the CPI or the FOMC minutes tomorrow, then it could move above the 2108.86 level.
SPX
For the SPY, the resistance continues to be in the range of 211.63-211.99, and the support remains to be 207.95.
SPY
The Nasdaq 100 printed an inside candle and closed under the 5/27/15 close at 4542.07 with a loss of -24.30, or -0.53%. The support and resistance levels remain unchanged.
NDX
The Russell 2000 also printed an inside candle and closed slightly underneath the 1215.42 support level. It was the worst performer of the day. It closed at 1214.89, a loss of -10.21 or -0.83%. Other than placing the 1208.47 level back as potential support, the potential resistance remains to be 1238.76.
RUT
Tomorrow the CPI will be released an hour before the market open and the FOMC minutes will be released at 2:00 PM ET. The CPI could have an impact on the open while the FOMC minutes could have an impact on the close. Be prepared for some volatility.
