hourly gap down and down hour to 825 key price at 11am

DOW cash 8149 is the line in the sand

10am hourly futures prints at 828.5/8210/1108 will define trending friday

seems recently down gaps are almost always followed by down hours

sold more call premium(870 and 900) and looking for he S&P to test 800 at the minimum assuming 813 breaks this morning

shorted an emini Naz at 1105.75

downside targets could be 775/7800/1050

trending friday ? 840-825 hourly range

do not be fooled by early strength

if trending friday is down, the hourly charts will stay under 840 and break under 825 after 2pm and finish bottom tick

778 is a possible target if somehow the 2008 low was 739 on November