Slightly Bearish

Today we are opening right around the 20 day m.a. We have not yet retraced the fibonacci 38.2 percent of yesterdays down move (1071.75). If we cannot do that, we should continue to drift lower. My next support is 1047.25 and resistance is 1096.00. I will be selling rallies in front of the fibonacci retracement at 1071.75.

Slightly Bearish

I am bearish today because I believe that the daily m.a.'s need to be tested again. The 10 day m.a. is the overnight high and the 106650 is the 20 day. If we can stay below the 10 day at 1083.25 we should test the 20 day. I will be selling rallies today unless the overnight high is violated 1082.75. Support is 1061.50 and Resistance is 1108.75.

Slighly Bullish

The action in the market yesterday tells me that a lot of people are short at these prices. They might ultimately be right, but there might be some scares to the upside first. I am sticking with buying breaks today as long as we stay above the overnight lows 1089.25. Resistance is 1108.75 and support is 1060.50.

Slightly Bullish

We held the 200 m.a. on the 60 min. chart last night. So for now I am sticking with the trend and buying breaks. I have support at 1079.25 and 1068.25. I will turn bearish if they break my support at 1079.25 and look for them to trade down to 1068.25. I will be buying breaks leaning on that support area. Resistance is 1104.25.

Slightly Bearish

The opening range is the high of the day. The longs are taking some off the table at this 1100 area in the S&P cash market. I will be selling rallies today leaning on the highs of the day (1095.25). If they get above the highs my next resistance is 1104.25. Support is 1068.25.

Slightly Bullish

We are opening higher today in front of Apple's earnings coming out on the close. I will be watching that stock all day for direction in the market. My bias will be based on what Apple is doing. If Apple is up I will be buying breaks and if it is down I will sell rallies. Support is 1073.75 and 106825. Resistance is 1099.00-1102.50.

Slightly Bearish

The market has hit my resistance overnight at 1095.00. I love when they do that. They hit it when no one is trading. Since they hit it and opened below yesterdays high I will be selling rallies leaning on that resistance. My next support is 1079.00 and next resistance is 1099.00. The market can go from support to resistance with ease during earnings season. Do not get stubborn and give the trades a couple bucks.

Slightly Bullish

The market has now taken out the 1075.50 resistance. My next resistance is 1095.00. I will be using the old resistance at 1075.50 as support. If we stay above that area we should trade up to 1095.00. Still trading small because this market is so one sided. Buying breaks with tight stops until they hit 1095.00 or violate 1075.50. Next support is 1060.00.

Slightly Bearish

As I expected, the Market made new highs for the year. I am looking to be a little short up here because I have resistance at 1075.50. I am only risking a couple bucks above this area. This market has still not showed any signs of this rally slowing down. I am only get short at my resistance levels risking minimal dollars. If we hold this area look for the market to trade down to 1070.00. My next support is 1055.00. Sell rallies with tight stops unless we trade above 1077.50.

Slightly Bearish

As long as we stay below 1063.50 I am staying short. If we stay below that area I am looking for the market to trade down to 1046.50. Above 1063.50 look for the market to trade up to the highs of the year 1075.75. If we trade above this area I will turn around and use this area as a pivot. This trade is very tough so do not over trade. Trade small knowing your outs and let the market work its way through this area.

Slightly Bullish

We are gapping higher again opening at my resistance at 1062.00. I will be selling in front of that area using a small stop. Ultimately I believe that we are going to test the highs of the year within a day or two. This market does not want to break. My next resistance is 1075.75. Support is 1038.50.

Slightly Bullish

Do not fade the trend. Two big up days to start the week. This market is strong and has not yet hit any resistance that they have not held. My resistance is 1062.25 above with support at 1024.00. I will be buying breaks on my short term charts. I will only sell rallies if we stay below opening range and we take out yesterday's lows (1042.50). If that happens I will sell rallies leaning on opening range.