SPX500 Analysis Futures are slightly up on the day, but fears of a recession continue to occupy investors' minds after the hefty 75 bp hike the Fed decided to do last week. Price came down to a key support level on the 1D, so the index could catch a bounce up for a short period of time. The overall trend is still strongly to the downside, so it looks like the February highs of 2020 in the $3400s seem like the most promising support level for a momentum shift.
