On Friday the SP 500 had a small gap down open but failed to fill even the small gap from the previous days close before selling off 14.75 pts for the days range. The area around 1147 is very good resistance right now. The market closed on a small abcd sell on a 400 tick chart. Watch any rally up in the next day or two for a shorting opportunity.

This entry was posted on Sunday, January 17th, 2010 at 2:30 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.