As you can see below I posted the support and resistance targets for the S&P. We are actually sitting right above the 862 level which has pretty decent odds to go long, but I am going to wait until the 845 level is reached before I go long with a large position. Remember I had mentioned last night on the video that the chances are increasing for an up day here after two consecutive closes down on the S&P. So, if we do see some sort of X-Mas rally here today I will be going short at 897 without a doubt. That much of a rally on a day like today would present a great opportunity for the bearz.
