3/2/2017 Sp500 daily update

After SP500 had a spectacular run up yesterday to 2400.98, today the market welcomed a sizable pull back (especially the dow had a triple digit pull back). Following are some technical characters of the sp500 index:

• an inside day bar, the index does not break down 2380
• the market close at low
• the pull back volume today is much lower than that of yesterday's shoot up
• the similarity between  2300.99 and 2400.98 when market comes to millennium numbers
1. 2300 level market had 2 inside days, now 2400 level market had 1 inside day  

http://schrts.co/NYVsmn

The summary is as following:

• if the index hold up 2380 next trading session, it will try to fill the upward gap first 2395
• if the index gap down like the way of 2300's market response, it mostly will test the downward gap around 2363, the daily candle low 2358.96
• if match the pattern of 2300's market response with 2400's market response, the worst case is index down to 2358~2363 area, then reverse up

My personal opinion is not for investment purpose, but for the education and illustration.