Tuesday, January 5, 2010
Lid At 1140
The SPX at 1140 will be a very tough nut to crack. We got close today, getting up to 1136.4, but it was rejected. Any more attempts from now till Thursday between 1136 and 1140 should be a good short entry. Any strength Wednesday morning will be a welcome opportunity to short. The ADP employment report at 8:15 AM Wednesday should be closely watched.
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