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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