8:30 am Jobless Claims
8:30 Personal Income & Outlays
10:00 ISM Mfg Index
10:00 Construction Spending
10:00 Ben Bernanke Speaks
Relevent Market Observations
Bernanke as well as 3 other Fed Govs will be speaking. Also, there are alot of numbers today with nothing on Friday. Look for one last burst of Volatility. Most likely we should follow through from yesterdays sell off.
Key Support Levels
1357
1353
1350
Key Resistance Levels
1364-1366 ICE
1372
Plan for Morning
We should expect follow through to downside. 1372 will be key for determining that. A confluence of structure here could point to a bounce up to ICE at 1364-1366 area. Short this area with expectation of breaking through 1372. If we hold above 13-64-1366 then next key resistance would be 1372