Good Morning. Headlines this morning are surrounding the auto bailout package of $15B. I personally think that three months is way too short to completely restructure these companies, but we will see how the "car czar" handles the situation. Pre-market futures are higher but not decisively on the bailout news. I have posted below my new support and resistance targets for the SPX today. Note that higher or lower levels mean taking larger bets on a reversal.
