Where's The X-Mas Rally? New S&P Intra-Day Targets Posted...

Good Morning! Futures are pointing to a slightly lower open as of this writing. Reports that US home sale probably dropped and consumers are spending less this holiday season are adding to the negative sentiment. As you can see, I have posted the S&P intra-day support and resistance levels below. If you didn't get to watch last night's video, I strongly encourage it to learn how to use these levels to make more profitable trades. Since the pre-market futures are pointing down, I would suggest holding out on going long today unless we reach the 845 level as the 862 level is just way to close to really be that influential intra-day. However, we must note that if we close down again today that would be practically the 5th down day in a row, and the chances of at least one up day would increase.