WOW- Interesting

Looks like they want 1291.50 area

Very interesting

1305

Have to close above 1305 to keep positive. We really looking like we are forming a double top pattern so we will see- We never hit the top prices I expected so I am not thinking we have finished with the upside but we are close.

Oil

Looks toppy- maybe the %107 area as a top. As said I dont believe Oil will sink the economy as deflation is the main problem that will sink the economy in my opinion.

1298

That was quick- 1298 wow . got to look at lower support if it doesn't hold

Inside days

Two back to back inside days then we look like we cracked opened on the futures before the open- Back to back inside means consolidation and you should expect expansion, two real issues happen when we have expansion days back to back is 1) we don't know which way we will break and 2) if they break in the overnight session like they are now we can't take advantage of it. Only way to take advantage of this was play futures and even then you would have to guess the direction which you should not. So what do you do? Here you would look for support 1305, then 1298 and take a low risk buy at those levels or just bracket the first hour and play the bounce.