Wednesday Morning

Well we didn't take out those lows but we tested them and we are chopping around before the open. TD Sequential generated some buy signals on multiple time frames (intra-day) with stops around 606 on the R2K futures. With so many external numbers and news events impacting the markets today its going to be tough. Generally, I think if we trade and hold above 1100 on the SPX then one can look for the market to move higher. Below that, look to short. If that 606 level goes on the TF futures then watch for a sharp move lower there.