We have taken out most of the support recently.1800 is the current pivot. If we stay over 1800 get long with stops under 1795. If we take out 1790 that would start a new leg lower. Only getting over 1832 would turn things up, otherwise sell against that level. I think overall we are still going lower and will make new lows before we can turn around. Over in the S+P we have resistance at 1340-1360 and some support at the important 1330 level.Getting and staying under 1330 should lead to a near term test of 1320-1315 area. Once again I think we are headed lower before we can turn up for now. Ican be reached at 800 275 8844 for updates and trade rec's anytime.-robert levant
Robert Levant
Alaron Research Team
312.563.8295
rlevant@alaron.com
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