New environment

Today should bring a new environment with different players participating as the holiday is over and volume should pick up. Friday closed above 1100 but the overnight globex session is down 8 points as of this writing. The daily CCT is at the high for 2010 at +221. Technically we have resistance up at the 1110-1115 area on the S&P futures and we will have to see if the bulls have enough power to propel us to those areas. It will be tough though as this market needs a breather after the rambunctious up week we had last week.