Friday

We are sitting right at support 754 area as illustrated above. We have some big economic news pre market Friday morning which could move the market. There has been a lot of talk about the 741 being the be all end all for this market to hold up. I would look a little lower possible 735 to be a better support area for a bounce if we do happen to tag it. The spot I feel would be good for at least a bounce for some profits. The darning could try and hold for more but caution to you in this market. A break of 735 and things could get a little ugly and might follow through into Monday-Tuesday. There is also a slight chance of recover and if we do get up and above 775 again I would consider swinging market again.

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