http://www.stockrake.com

I see the futures fairies have struck in the aftermarket. Sprinkling fairy dust all over futures traders keyboards.
Despite this move of happiness, my levels are still holding. I expected a slight up move tomorrow to test into the wick formed today on the SP. However, I don’t anticipate a break of the 910-911 region, and I’m hoping not the 906.83 area either. If you watched these levels today you can see where the acceleration to the downside occurred and where the resistance above was. Even with the futs up right now they still put the SPX below 906.83—for now and for now that is positive.

I’m heavily short and stand to make a nice hit if the market moves down. Don’t let my short term bias sway your intelligent decisions.