OK

This is the next number down that 'Should' be a decent bounce: 1242.

New Lows

One ugly market here- we have 3 hours left and we are 1 point above the lows of the day. Bear flag here seem like it will go lower

Opps

opps so 1269 didn't hold long. We sliced through it easily but the close will be the true confirmation there.

BINGO

Bingo - hit and now bouncing a bit - now how far do we get

Very Close

Moving very close to that 1269.50 .

We hit 1270.75 so far. They will try and defend that 12000 level for the DOW so expect a bounce

1269

1269 would put us sub 12000 on the DOW. We struggling here even with a gap down to get a footing.

1269

watch for support there

Overnight lows

We trying to attack overnight lows here

Futures- Rollover

Futures rollover makes today hard to call. I would still be looking for some movement higher based on the short term oversold conditions but you never know. For now I am looking at how low we can go for a long trade on the way back up, which I believe is the bigger plan