Monday Morning Update

I am off to a very late start this morning, but as soon as I saw this chart I knew I had to get it posted as soon as possible. Look at how well it lines up. I should have known we would be retesting the 10 day low at 1173, and thta is exactly what we did this morning. We have not one but two gap ups in the last 10 days in nearly the same place, so that should now be resistance. 1173 and 1183 are now the key levels to watch, although I would be surprised to see either broken today.

I haven't taken a look at anything but this chart yet, so i will have a breakout and earnings update in a few minutes.