Central Banks Lower Benchmark Rates Again As Futures Rise Pre-Market!

Good Morning! China's central bank again lowered rates for the fifth time in the last three months to helps it's staggering economy. Additionally, Toyota is predicted to post it's first loss in nearly 71 years on falling car sales and the climbing Yen. As always, I have posted below my support and resistance targets for intra-day plays on the S&P. As you can see, the support levels are much closer than the resistance levels. So, any rally this morning or week needs to make a significant move before I'll jump in and start shorting things again. Remember, that we don't want to make trades just to "make trades." Be patient and wait for the set-ups. This week should be mildly quiet with the holidays but interesting nevertheless. Happy Trading!