S&P500 Levels: Refreshed For 11:00AM

11/06/08 11:21AM EST

The quantitative setup for the US market has returned to negative, but the range is tighter and the next low is likely going to be higher. I mentioned this in the prior TED Spread post - here are our S&P500 levels associated with that immediate term "Trade" call:

Sell "Trade" = 967.86
Buy "Trade" = 862.72

This market is to be traded, aggressively, with an appropriate amount of powder saved for down days.
KM

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