Good Morning.
The S&P 500 is indicated 1 point higher this morning.
The Nasdaq is indicated 2 points higher.
The Dow is indicated 10 points higher.
Pretty much a quiet opening for the day before option expiration.
However, don't expect things to stay that way all day as the market right now
is in an early holding pattern awaiting Bernake comments and also some state
of the economy congressional talks.
The Daily Order calls for strength early followed by a sell off of sorts.
So keep that in mind as the day moves forward.
Very heavy resistance - 137.96 and 139.62 basis the SPY
Very strong support - 134.51
Yesterdays High - 137.10/ Low - 135.14/ Close - 136.42
Lets see what we get in the first half hour and remember to USE YOUR STOPS!
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