The S&P 500 futures are indicated to open down 21.75 points with premium factored in.
The NASDAQ is indicated to open 27.5 points lower including premium forces.
The market looks to open sharply lower and right near some pretty solid support so look for a
potential fade trade near the open.
We should get some pretty good volatility today, so lets see if we can capture some of that movement.
The downside today will be fighting some very strong seasonal tendancies for higher prices so it would not catch me off guard if we saw sharply lower prices followed by a very nice move higher.
As always though, the market is always right, so we will wait and see what it has to say.
I will be posting the opening and 1st hours ranges for the SPY as soon as I get a hold of them.
Good Luck today and lets make some money!!!
p.s. No spell check this morning, so I apologize for any mispellings
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