Some key areas to watch today on $SPY. If it happens to break the $549 level and hold under, I think we will see much more downside here. $555 was key support before but now has turned into resistance. If we end up break past this level once again, we could see $560 fairly quickly, I’m leaning more on the short side, but we know how the market goes, sometimes the things that make the most sense don’t happen. Try not to get caught in choppiness between these ranges, it could tighten up a bit. Let’s kill it today guys!

Good morning