1193 is now the key area for the S&P

You have a potential monthly double top at 1193.

Short sellers need to manage risk against this level.

Price action above will lead to a whole new game.

Major levels are starting to crop up in various indices…

666 ish in the DAX

46.60 FXI

Until I see closing price action over these levels long term investors should wait to

increase their risk profiles….Buy stocks..

Once again the lowest risk place to have traded this a.m. was the bonds.

Trading over the next couple of days should be advantageous for short term traders

There will be plenty of opportunity….