S&P futures are approaching some strong intraday support levels. I’m looking to be a buyer between 1285-1300 today. The move down from the April 6th high has been very weak with pretty deep retracements. However, the skewing has been strong to the downside showing some confliction. You do have a nice confluence of fib support around 1300, then stronger around 1295, and real strong around 1287-1290. I’m looking to scale in around these levels with a stop at 1282. I would expect a really nice bounce from these levels. You also have the MP and DS2 pivots in the 1297 area.
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