Quote from mTrader09: buy SPY market (88.93 place sell stop @ 88.15 -------------------------------- close @ market (89.34)
looking to sell short SPY also will short NQU9, preferably above 1428/30 but maybe lower if it can't get up there.
Market may continue to try to rebound but the advance will be limited, possibly until the Fed's announcement at about 2:15 pm EST (although there isn't really anything they can announce or pronounce upon) SPX: very strong resistance zone from 898 to 903; if it gets over this then look for a quick run to SPX 920. More likely, SOX will fail to clear 903 and then head down to a strong support zone at 876/880 So, 898-903 resistance and 876/880 support - which one is overcome first? Probably 876/880 July 6th is the next probable turn day.