Today we saw a gradual momentum to the upside, the high being 187.98 and closing with a sell side to 187.58. Yesterday, I mentioned that we still had momentum to the upside and that 187-190 is still the target. We are still in a Bull Market and rumors of wars don't change that fact. We took profit from the upside and trade some puts as the market took it to some of the sell side. I am holding a PUT Option for tomorrow, thinking it should test 187 level and bounce back to the upside or a gradual sell off. The Market is looking for a good job numbers, since the last few were interrupted by the weather, investors are looking for comfort that the economy is improving and as long as the FED does not change their tapering, we should be fine. Tomorrow we should see a low of 187 or 186.02 to 188.08 to 188.82. Our Key level is 188.48 where we can see either an upside or downside
SPX : 1873.91 +28.18
DJI : 16395.88 +227.85
COMP : 4351.972 +74.671
VIX : 14.1 -1.9
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