S&P Volatility

Very volatile day for the market, the S&P touched support at 1010 during the overnight session and from there rallied 30+ points to a little over resistance at 1040, most of the bounce was in the pre-market session though.
Once the buyers were exhausted, the market sold off 24 points filling the opening gap, which was very profitable for the ones that went short.
Note that the moving average death cross is firmly in place, but despite that occurrence, the market managed to post a higher high and a higher low.
Support remains at 1010 and resistance at 1040