if trending friday is somehow up, they key breakout areas around 882 better hold early and 895.5-897 resistance become support through lunch time
10am is a good time to consider a sell especially if the S&P can not get above 895.5-899
otherwise, yesterday could have been a wave iv and a lower low under 819.5/7960/1115 hourly low is the place to get bullish again for another brief rally into expiration Friday
(the DOW cash low is now 8006 with the prior low at 8076)
the overnight globex looks like a flag which has support around 888(the 10/1008 closing price) and resistance at 900ish)
a bullish breakout over 900 could eventually lead to a 45 point rally from the morning low to finish a 5 wave rally from yesterday's lows ( a perfect trending friday holds sideways and starts to creep higher into 2pm and then explodes higher in the last 90-120 minutes of trading)
i have tried a couple long side trades overnight against the short call and ended up with small losses
currently long from 893
on the stock front ASEI has been featured 2 days in a row at investors business daily
one lesson from the past, if it can't go down, it will go up
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