We have seen some rough looking charts in the past 24 hours with stocks trading lower, Powell testimony, and the Donald Trump/ Kim Jong Un summit. The S&P 500 has been trading sideways in hold waiting for easing of the current political tension.
We were able to catch the morning long side trade, only to see the momentum slow. The trend was unabe to break 2800 on the /ES mini future. We will be watching the markets closely for the break of 2800 or the break down below the 2770 tick area.