Wednesday, May 9, 2012

S&P 500 ~ Pre-Market Warm-Up ~ 9 May 2012

Yesterday evening it actually looked like the SPX made a short-term low at 1348. Today in pre-market we're back at the lows though so we have to wait for the reaction after the open. If yesterday's low holds a gap close is likely. If it breaks a move to 1340ish should occur.