Early

Early we getting some weakness- but most importantly we below 1190. 1184 is a good spot AGAIN for the bulls to show what they have as today is good as any other time as we could have a nice turn around Tuesday.

futures closed

Futures closed @ exactly 1190

1190

45 minutes to go the bulls trying hard to close this above 1190 to save that pattern- we will see soon enough if they can make it happen. It is Critical

1190-

1190 here - let see if we get a dip below to around 1185 and set up a bounce

Overnight -Pre market

We almost hit the 1190 level I spoke about in the post last night- we hit 1191.50 on the S&P futures and some might call this a hit. For me it must be tested in the regular trading hours but the market often does do what we want it to do. As I have been saying most the the market moves are being down outside of regular market hours because everything is computer traded right now and that leaves the regular guy out of the action. We will see what today brings, remember it is a holiday week and more than likely volume will start getting lower as we trade into tomorrow.

1215

No surprise for the last two trading days we have closed around the 1215 area. So fascinating to see technical work and we got to come to reason the markets will do what it will do no matter the news which i call technical noise. Now for this week and maybe as soon as overnight are number to watch is 1190. 1190 is the magic number for the bulls as a lower close would nullify the bull flag on the longer time frame. 1190 is do or die in my opinion and lets face it we only have a month left for the market to try and assume some rally to make it a positive year though just marginal.

1215

Buls have to try and regain that before the close or 1203 is definitely in the cards-