Below is an intraday chart of the s&p futures created after todays close. The red horizontal line is intraday resistance from May 30th and the dashed white line acted as support on the way down. Once broken to the downside it then became resistance today.
These lines should be drawn on multiple timeframes and monitored throughout the day on any security you are trading or monitoring for market movement. Watch this area tomorrow as an inflection point...initial test should provide a good area to sell long (or short) while a high volume and broad based push through that level (remember it is descending and constantly moving) should help propel a move higher.
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