S&P 500 breaks down from distribution structure with P&F target

S&P 500 futures slumped 1.6% to 3130 as of the current London session with increasing supply. Yesterday heavy selling was observed during the first two hours and the last two hours of the US session. Current level around 3130 might provide some support. Should S&P 500 violate this level, it could hit the Point & Figure distribution projected targets from 3052–3067.

Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 11 Jun 2020 trading session. In this video, I am going…