eMini S&P 500 update – Confirmed NYSE adv:decl break

As promised, we are updating and have a confirmed break of the NYSE advance:decline ratio trendline support.  Accordingly, the Globex high of 939.75 is likely to hold throughout the day, possibly into Wednesday.  Should it break, however, longs still have the pivot/gap area of 940.50 to 943.75 to deal with.

Most sectors are in the red, with Consumer non-cyclical mixed (and also strongest), some large gainers in financial (overall red, though), with only a tech and utitilies seeing some green.

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