Testing 1100?

The globex trading is down over 17 points as of this writing in the S&P 500 futures and we are fast approaching the 1100 area. We will see if this market can hold above 1100 today after the Fed signaled a slowdown in yesterdays announcement. We are technically overbought on the daily CCT at +130 and we are also at the 20 DMA. A close below 1100 today will signify a breakdown and we could see things go lower in the coming days unless the plunge protection team steps in. We will have to watch closely for the manipulators at these levels. We are having a seminar next week and have a couple of spots left if you are interested. Please call the office at 330.484.0331 for details.