More Numbers to watch

I am getting some numbers down to 847/848 level also for the S&P. I knew I wrote 854 but I prefer to use my projections which are more accurate. Do we get there today Nope I dont think so but maybe next week. First support should be around the 871 area which is just 10 points lower.

Okie

So we have a 3 day losing stretch here in the markets. I would not get overly bearish yet as the bulls will NOT give up without a fight. More than likely we test 876.50 overnight or tomorrow and that might give us a bounce.
There is a possibility if the selling accelerates we can get down to the 854 level which was resistance on the upside, let's see what shakes.

876.50

Next level to watch on the S&P, maybe we hit it overnight but that's the number to watch

Bill Seidman Gone

Personally I think he was one of the only true guys in the financial arena. Goodbye Bill you will be missed by many.


MARKETJEDI- Prayers out to his family

AZO trade

Taking it off here +$5, this trade is like pulling teeth

Beautiful

So we bounced beautifully at the area I mentioned in the last post. Where do we go from here I think there is potential for us to head to 942 on the S&P and that's where I will begin my short campaign.

Tuesday

Well we are getting a continuation of yesterday move down. I am watching this level here 894-898 to see if the bulls get some guts to hold level or not. Very slow action here before 2pm but maybe it steps up closer to 3pm.
Right now I am neutral here with a longer term (2-3 days) biased lower.