Red

This from http://topstockspick.blogspot.com/:

FOR 05/13 SPX resistance , pivot & support
Resistance R3 1190.31, R2 1184.09, R1 1177.88
Pivot Point 1166.65
Support S1 1160.44, 1149.21, S3 1143.00

Low so far 1164. Going south anyone?

I may sell 25% of puts around 1149 to pay for the rest, otherwise I'm on the bus to Memphis. SDS stays with me to 1060.

What i find really annoying is that the market seems to like to hit the higher fake prints with more frequency lately. It would be nice to see that change.

Pretty big gap down on open w/ oil.

I think its setting up for a run back over $80.

I was speaking of the initial sell-off. Looks like it's not going to be that easy.

keep in mind that oil is still down.

I must be missing something. looks like they are pushing hard to get above 50 s

We some fake prints at 115.86 from yesterday in the afterhours, and also some at 111.30 from Mondays' afterhours. Of course that doesn't always mean they will play out, but let's remain hopeful.

On the technical analysis side of things, there is the gap fill from yesterday morning, which is 115.20, and of course the big gap fill from Monday morning at 111.50 (spy).

Lot's of targets below that really need attention given too them…

This is way cool. What's our initial target? 1134?

Just bought my insurance as I mentioned earlier, very, very cheap calls. The money will be peanuts compared to my gains if we go south.

Going to set my text alerts and do something else today, I hope. I just love watching the action.

Join the barge Red!