Another move down looks likelyS&P Index Cash CFD (USD)VANTAGE:SP500rsitradesAlthough we had a nice rally today, the Futures did not get over it's resistance by the end of today. Futures also did not hit it's channel target. With the hourly RSI this high already, it seems likely that another move down can occur overnight. Targets would be 7660 for the channel, or under 7600 if we go to the previous support. If we were to get under 7600, any bounce to the channel would be an excellent shorting opportunity.