Bigger Picture

If SPX breaks below 864 - 857, then 850 is the last support till 820 - 800

AA BAC GE BA UTX all Weak DOW Stocks today

GE is trying to fill a Nov Gap at 14 14.91 now - 6%

SPX near the top of the 6 day trading range

Maybe too tired to breakout... Low end is below 860 876 now

Critical Juncture

Don't Forget we have a Gap to fill at

935 to 927

SPX 10 AM

Some Fed speak this morning, BAC and C down over 5%. SPX trying to get a bottom in but still inside trend lines here

SPX Ranges for Tuesday

AA after the bell.... almost got a wedge break at the close

BAC C

BAC 11.38 -13% C -20% 5.45

SPX 3 PM

Should firm up here into the close, however the XLF is very weak here and could drag the whole market down...watching both

VIX Update

SPX Day

Obviously the handle possibility will be busted today unless we reverse up today

BAC C breakdown

BAC 12.02 -8% C 6.05 -10%

BAC looks like it could fall apart near 52 week lows

SPX

860 is support on a downdraft


DOW -95 XLF -3% XLE -4% USO -5%

SPX at 11 AM

Can it hold the lower trend line...it's oversold enough but VIX warning signal is working and the 60 min SPX has clearly broken the uptrend line from the 741 low. Also the Financials are breaking down; look for a test of those lows FAS FAZ are the 3x ETF there.

Also Oil is going to retest recent lows, need to watch for a trade XLE 47 is well above 39 - 41 lows but could catch up ERY ERX are the 3x there

SPX 881

At an oversold here on the 15 min. XLF Breaking down watch RSI on any new lows

SPX ranges for monday

Broke the 741 uptrend line on the 60 min today

4 gap opens this week

Hard for intra day trading. We are now Red for most indexes on the Year with 15 min to go

$SML - 4% NAZ -2.5% SPX - 1.8%

Near Lows of the day

SPX 1 Hour to go

SPX - Keep an eye out for the trend lines here