ok

Ok 1313 hit- let's see if we bounce

Correction

More like 1312.50 than 1314 for support

1332

So we gapped up into the 1332 which is the 78.6 Fib retracement and we have since sold off. Nice set up but it caught be off guard as this week and the first of the month is usually strong but we are seeing some adverse market reaction with Bernanke's speech.

Next major support is 1314 area

early weakness

Early weakness here surprisingly for the first of the month but looks like the unrest in Libya and rise again in Oil has equity traders on the fence.