The Globex session has pushed back up to 1163.70
during the overnight session but retraced a bit
and has moved sideways for the past 4 hours. A
retracement lower below 1157 - 1158 will likely
continue lower to 1154 - 1155 which is a critical
point in the market, as is  1150 - 1151.

A move below 1150 will likely see continuation lower
and perhaps a fast move down. We believe that we will
have a substantial selloff, that it is premature
for this to occur based on our cycle studies and
pattern matching. Consequently, we expect higher
prices today. Price can bounce and move to higher
prices at any of the above bands though the 1157 -
1158 level is the most likely launch level.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com
    http://www.daytradersmentor.com

The Globex session has moved sideways with price forming a double top
at 1157.70 and pushed down to the bottom of that range. We were
wanting to short the 1158 level but this may not occur. We will short
a breakout below 1150.50 or a return to the 1158.00 level if the
setup remains low risk. A move below 1153.10 invalidates the
trendline up from the 939 September lows and we could have additional
fast movement lower.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S B U L L E T I N
Real-Time Trade Signals for the S&P 500
http://www.daytradersbulletin.com
http://www.daytradersmentor.com

Price action retraced back up as we expected.
Expect price to push up to 1167.70 - 1168.30 or
1170.30 - 1170.70 and reverse back down. The
1168.30 level will likely reverse price but no
longs should be taken until price moves above the
1170.70 level however. Our target to the downside
is 1150.50 - 1152.50.

E-Mini Traders: As we mentioned in yesterday's Update,
we will begin trading our LT Trades today. These are longer
term trades that last about an hour in today's environment
and if successful are good for $350 - $400 per contract
on the e-Mini. Stops will typically be 1.00 to 1.50 points.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

The overnight Globex session was subdued with a
small range. Price pushed up to the lower edge of
our overhead resistance at 1170.30 and reversed
but still stayed above yesterday's 1164.10 lows.
A move below 1166.00 will likely have continuation.

Additionally, we have several bands of support just
below price seperated by but 2 to 3 points and a
reversal at any of these levels is possible. There
is also the real possibility of a larger consolidation
being formed between 1164.00 and 1178.50 which would
indicate a larger, early move up.

We will stand aside in the early going
this morning as the testing at yesterday's lows
may get very noisy. The Factory Orders Report
will be released at 9:00 AM Central.

Good Trading

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com


D A Y T R A D E R ' S   M E N T O R
Private Daytrading Mentor
http://www.daytradersmentor.com

The Globex session has pushed up to new highs at
1176.70 after bouncing off of support at 1170.20.
Given this setup, expect new highs or at least a
double top with Friday's highs at 1178.30. A push
above 1180.60 will likely see a move up to the
1184 area where price may reverse as the 200
period moving average is located there. We will
buy just above 1180.60 for a quick trade up to
the 1184 area.

Given the overbought nature of our internals and
price, we may not make significant new highs today.
If price wants to push higher, we may have a
consolidation form initially or just after the 1184
level is achieved.

Good Trading

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

Price action during the overnight session cycled,
making a low at 1165.30. We had a large number of
reports being released at 7:30 AM Central this
morning with price spiking up to our resistance
zone at 1171.00. Typically, price will usually
reach the top of these spikes at a minimum. We
are however above yesterday's 1168.00 high and a
move below this level may set up a reversal day.

Given the condition of the end-of-day indicators,
this becomes a real possibility. If the larger
interests want to push price higher however, that
is what will occur as they have total control of
this market. We will wait for a setup. A move
above 1151.50 should carry to 1174.50 - 1176.40.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

The Globex session moved sideways for much of the
session before pushing up to make a slightly
higher high at 1156.70 before retracing to our
support level at 1150.50 - 1151.50 and bouncing.
Price can move in either direction from this setup
[ though we have a bullish bias based on the
sharp reversal at our support zone. We were
hoping to buy the support level at 1150.50 -
1151.50 and we may get a push back down to this
level just after the opening.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

Price has retraced from Monday's late session
selloff and has moved up to our first substantial
resistance at 1150.50 - 1151.50. Price may exceed
this level to 1153.50 - 1155.00 but will not
likely pass the 1155.00 level. Expect
consolidation between the 1145.00 - 1146.00 level
ans either 1150.50 - 1151.50 or 1153.50 -
1155.00. We will likely short either the 1150.50 -
1151.50 or 1153.50 - 1155.00 level. A move above
1155.00 is a likely buy on a retracement.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

The Globex session has pushed up above
yesterday's highs giving us a likely gap up from
yesterday's highs. This sets up either a
breakaway gap higher with higher prices coming, or
a reversal day that will trend lower today. Given
the nature of the internals and the overbought
nature of price, we are expecting a reversal day.

Given the light trading volume due to the
holidays, we may have some problems with
follow-through. A move below 1159.00 can likely be
shorted though we will decide this when price
reaches that level. We have numerous reports out
at 9:00 AM Central and will want to avoid trading
directly in front of these reports. Price may
move as high as 1167.50 before reversing. A move
above this level and a reversal day becomes less
likely or may occur later in the day after higher
objectives are reached.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

The Globex session bounced off of our support
level at 1149.00 - 1150.50 up to a high of
1158.20 where price pushed back down. Price push
down to our 1153.00 - 1154.50 band where price
has cycled most of the morning. We may have a
listless opening this morning since the 7:30 AM
report had little effect on the market. We have
another report due out at 9:00 AM Central this
morning that may move the market however. Price
can push in either direction from this setup. A
move below 1153.00 may have continuation though
this level will most likely act as support for a
push higher.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

The Globex session pushed down from Monday's
1149.20 highs to a low of 1142.50 and bounced. A
push above 1148.00 and new highs above 1149.50
will set up targets at 1151.00 - 1151.70 and
1153.30 - 1153.80. A move into this area however,
may trap price in the area between 1149.50 and
1146.50 where price may consolidate.

This has been a consolidation level for some time
and when price moves away from this level, it will
likely trend for a substantial period though this may
not occur today. A push above 1147.00 means that
price will likely move into this consolidation
zone. Failure to push into this zone and a move
below 1145.00 will likely see continuation lower.
A push lower will move down to 1138.40 - 1139.70
or 1140.70 - 1141.30 before a substantial
reaction occurs unless we double bottom at
1142.50. We may stand aside in the early going.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

The Globex session pushed a bit lower after
yesterday's close to test the bottom of our make-
or-break support level. Price pushed up strongly
from this level to test Friday's Fib resistance
level at 1148.50. Price fell rapidly into the
7:30AM reports releases and bounced strongly on
their release to exceed the previous overnight
high.

Our target for this push up which may also
be near our opening this morning is 1150.80 -
1151.40. Price could push up to 1153.80 - 1154.50
and a push above this level would see 1158.50. A
short setup at the 1150.80 - 1151.40 level is a
likely low risk entry. Failure here and a
reversal long above 1154.50 is called for.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

The Initial Jobless Claims Report was released
this morning at 7:30 AM Central and sent the
market down quickly. The Nasdaq moved to
substantial new lows and has bounced little while
the S&P pushed down to only .618 retracement
level of the early push lower after yesterday
morning's fast runup. We are dealing with two
very different markets and this will make trading
a bit different, especially for the S&P unless we
see a strong rally in the Nasdaq which will mean
traders will likely be rotating out of Dow
stocks.

We have several levels of resistance
above yesterday's highs which will give fussy
back and forth price action unless they decide to
have a fast runup which is doubtful. This level
is best avoided until price pushes above 1158.00
where a clean run up to 1162.50 - 1163.50 will
likely occur. This level will likely reverse
price as well. We are hoping for a fast move up
in the Nasdaq shortly after the opening.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

The Globex session has pushed considerably lower
from yesterday's 1145.70 close to the 1136.50
level. This is about the target level we have for
this push down though we could see continuation
down to 1134.00 where we could likely see a
bounce. Unless we are in a crash mode we will
bounce before 1134.00. Bounces could carry up to
1140.00. Movement above 1140.00 and we will
likely set up a reversal day to the upside. On a
move below 1134.00, expect price action to get
fast to the downside with likely targets at
1125.50 - 1127.40 if not lower.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

The overnight session has pushed up to just below
our resistance band at 1143.10 - 1145.60 in a
move higher marked by little retracement. We will
likely have a gap open to the upside this morning
which means a push below the 1139.00 level may
set up a reversal day.

If this does not happen, we will likely have a
breakaway gap with price pushing higher which means
a push above our 1143.10 - 1145.60 resistance band.
(This resistance band may extend up to 1147.00 based
on intraday action but this is not certain.) So a
breakout of the 1139.00 to the bottom or a push
above 1143.10 will likely give us our earlt
directional bias.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

The Globex session pushed up to make slightly
lower highs at 1129.20 from Friday's session.
Price has pulled back from that level to support
at 1124.70. Continuation lower could see price
move to 1123.30, 1121.80, or 1119.70. Movement
below 1121.80 would likely see termination of the
trend up and a retest of the 1515 area. More
likely, price will push higher upon completion of
the retracement and retest the 1130.20 highs and
continue to the 1134 area and 1139 if not higher.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

The Globex session cycled during the evening
between resistance at 1122.50 - 1123.80 and the
lows. Price action will likely push back up to
the Globex highs at 1123.70 this morning. If
price fails to push up to this level, it will
indicate market weakness and we may see early new
lows. On a push above 1124.00, 1125.80 is our
next resistance area and a move above that level
will almost certainly move to 1128.80 - 1129.50.
We may attempt an early buy if the setup is low
risk.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

We mentioned in last night's Update that we were
expecting a return to yesterday's lows. This will
leave a substantial opening gap that will likely
be filled by the close unless we have new lows
this morning. Most of our projections suggest a
target of either 1125.00 or 1121.50 - 1122.50 as
a target for a low. The area at 1125.00 is a very
heavy support area and broaching this level would
likely change price characteristics and could
likely lead to a fast move lower. The commercials
have a vested interest in pushing price lower due
to triple witching next Friday and this is their
chance to really run option holders out of their
calls. We could very well revisit the lows and
bounce back to yesterday's highs which is the
most likely setup for the day. Expect a bounce
into 9:00 Central which we will try to catch if
the setup is low risk.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

The Globex overnight session pushed up overnight
and tested the underside of yesterday's
protracted consolidation at 1144 and has headed
back to the lows. The 1144 level corresponds with
our down trendline on the daily charts for
today's price action. Price has moved back down
to yesterday's close and we will likely have no
or little gap at this morning's open.

Continuation below 1136.00 will likely see our
1127.50 - 1128.50 support band before a
retracement of any magnitude occurs. A move above
1145 that sticks will likely spell the end of the
down move for the day.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

The Globex session pushed higher from yesterday's
close on the lows to 1145.50 and then fell in a
fast move back to 1139.30 at a key Fib level of
the move up. Price then bounced to find
resistance at 1143.00, suggesting triangle
formation though price can push as high as
1144.20 and the triangle will still be valid.
Given the nature of price action, the chance of a
fake breakout and subsequent rectangular
consolidation formation is high so caution is
advised this morning.

Today is FOMC rate announcement day. The rate
announcement is usually released at 1:15 Central
and we do not trade for 30 minutes in front of
the announcement or until 3 or 4 large swings
occur after the announcement.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

The Globex session pushed up to resistance early
Sunday and reversed at 1162.30 - just at our
resistance band and fell to make lower lows than
Friday's 1152.50 low by dropping to 1151.30. We
expect continuation lower to 1148.30 - 1147.90
before a retracement of any magnitude occurs.

The Dow moved down to just the 10,000 level on its
steep slide Friday and sets up an important test
at this psychologically important level. We may
likely have a great deal of noise and volatility
at the open this morning and may stand aside in
the early going. There is a higher risk trade
that may set up if price pushes lower quickly but
we advise risk averse traders to not take this
very early trade that we may enter during the
first 5 minutes of trading.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

Our report releases this morning have pushed
price down to retest 1163.00 area which was an
important support level on Wednesday's fast move
up. A move below 1163.00 will likely have
continuation lower to the 1160 or 1155 areas
where we have support bands. We may attempt an
early scalp to the upside if the setup remains
low risk.

An opening below 1164.00 will give us a gap
opening and should price push back into yesterday's
range above 1164.00, we could set up a reversal day.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

Globex price action has moved sideways after
attempting to retrace early in the overnight
session. This push was down only a few points to
1166.00.

Price staying above 1168 after today's opening will
be bullish and will likely mean our first move today
will be up rather than down.

Our upside targets are 1178.30 - 1179.60 and
1187.00 - 1189.40 though the likelihood of the higher
price being achieved is remote since we believe
we will have a reduced range day with price being
able to be bought or sold. On the down side,
expect the 1163.00 - 1164.30 support band to
reverse any move lower.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

The Globex session has pushed higher during the
overnight session to just under our resistance
band at 1152.40 - 1153.80, making a triple top
high of 1152.00.

A retracement after the open to under 1148.00 sets
up a reversal day for us, with a majority of
yesterday's price action being retraced. If this
sets up, we will short at 1148 but we must be
nimble here as price will occasionally spike into
the previous day's low and reverse back up.

We doubt a reversal will occur because of the
breakout setup and seasonal tendencies. If price
does not reverse into yesterday's range, we will
have a breakaway gap which is very bullish and we
will have the beginnings of a large third wave up
on the daily chart from the 939.00 lows.

Good Trading

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

Price action in the overnight market moved
sideways in a narrow range for half of the
session before pushing higher, making a high at
1135.40 before reacting. A push above 1137.30 -
1138.00 should give us 1144 - 1145 if the
resistance at 1141.00 - 1141.50 can be overcome.

The push above that level is likely to be labored
unless it is a fast move higher. Failure to push
higher would likely take us back to the lows so
long as support at 1127.40 - 1129.30 can be
broached. We will likely stand aside in the early
going due to the atypical early price action of
recent. We are expecting a breakout day today
though the overnight session was low momentum. We
could have an early move down to yesterday's
close at 1129.50 before price attempts higher
prices.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

The Globex session sold off just at its opening,
making a high at 1138.70 and bottoming late
session at 1130.50, just at our 1131.50 - 1132.00
support band. A move lower here should continue
to 1128.00 and likely bounce at that level.
Should price continue lower, expect 1123.00 to
offer support and 1116.00 - 1118.00 will likely
reverse price.

Good Trading

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
   http://www.daytradersbulletin.com

The Globex session cycled sideways in overnight
trading and late in the session pushed lower. A
move below 1140.00 should have continuation to
1136.50 - 1137.50 as a minimum and a move below
that level could return to the 1125.00 lows if
the  1129.50 lows can be broached.

More likely price would find support at 1132.50
and reverse. There has been little retesting of
price above 1136.50 - 1137.50 and price is likely
to retrace to this level. If the commercials have
a mandate to take price higher, price will likely
reverse at the 1139 - 1140 area. We will likely stand
aside in the early going.

Good Trading


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
   http://www.daytradersbulletin.com

The Globex session pushed up to 1135.00 mid-
session before starting back down last night. The
7:30 AM Central reports release pushed price back
down but not to the lows which is a positive for
the market. Price then bounced but was stopped by
overhead resistance at 1132.50.

If price can get above this level, we could see a
push up to 1135.00 - 1136.00 early this morning. On
the downside, a move down to the 1124.00 - 1126.50
area will likely give us a bounce. A move down to
that area or as low as low as 1121.00 may
terminate the move lower unless momentum pushes
price through.

Good Trading

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
   http://www.daytradersbulletin.com

Last night's Globex session was a very low
momentum affair that drifted slightly lower down
to 1143.00. Price may go lower but faces support
at 1140.30 - 1141.20 and larger support at
1138.50 - 1139.00.

The target lower is 1132.20 - 1134.40. On a move
higher, price faces resistance at 1146.50 - 1147.00,
1152.00. A move above big resistance at
1156.50 - 1157.00 would likely terminate a move
higher.

The price setup this morning could move in either
direction and given the setup is higher risk with
troublesome reversals. We will stand aise in the
early going. We have no reports released until 1
:00 PM Central.

Good Trading

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
   http://www.daytradersbulletin.com

The Globex session pushed up in an attempt to
retest yesterday's highs just at the session open
but could only make 1155.40 as a high before
being turned backed. To the bull's credit, price
was only able to push down to 1150.50. Price has
put in a basing pattern and we expect price to
push back up to the highs and perhaps higher.

A move below 1150.50 will likely continue to
1146.50 - 1147.50 as a minimum. A move above
1153.00 and the highs are likely to be retested.
Price could form a consolidation here at the
Globex lows as well.

Expect an increase in volatility this morning and
we may have trending price action earlier in the day.
Good Trading

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
   http://www.daytradersbulletin.com