Trader Brian Jones on Twitter: "I know what the S&P is trying to do. It's trying to create a base here first before it challenges the 50 sma. The problem is if it fails to hold here it breaks into 52 week lows which is not good. https://t.co/sNVn9kQhjg" / Twitter

I know what the S&P is trying to do. It's trying to create a base here first before it challenges the 50 sma. The problem is if it fails to hold here it breaks into 52 week lows which is not good.