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Price pushed up above yesterday's high during the
overnight session and has now push quickly below
that level. This typically sets up a reversal
day. Usually the reversal occurs at the opening
of the regular trading session but not in this
case.

The retracement targets here are at 1111.00 - 1113.00,
1107.50, 1104.50 and 1101.50 with 1111.00 - 1113.00
being a possible reversal level back up.

We will wait for a setup.

Good Trading,
Charles Holt, S&P Trader & Mentor
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