Tuesday, April 6, 2010

4/6 pre-open

Stock futures are declining.  The preferred count calls for SPX to hold at 1181.50.  This is right where support lies with the 15-min, 54-unit M/A:

In order to maintain the count calling for a new high SPX needs to hold at 1181.50. I1 is on a sell signal so it is time to short today. 

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