SP500 2 hr trend is down on crossover. Market very slow but could well take speed later when NYSE opens at 15:30

2 hr. Technically a very interesting picture. The break out range is 701 - 708. In the bigger picture this is a very important range. A 2 hr close below 700 could spark big selling and a close above the doubeltop at 708 would firstly take SP to 713.