Sellers Moving in on Major Indexes

Day Trading the major Indexes and the S&P500 emini futures.

Looks like we are preparing to hand the $380 billion dollars that the Fed has used to support this market.  Market Makers are about to move in and blow support on many of the indexes.

Watch as the Government pushes the markets around. Market makers are ready to take advantage of this with some sell volatility into these supports. Watching for an increase in Volume on sell side.

First support on the Ascending support trend line has been tested, and if the Government does not take some action and fund the budget we will see some selling at this level to the next area of support.  You can see three extensions on this move down.

AT 1620 on the S&P500 emini we will run into support on the 200 MA, if this broken, watch for increase of seller volume and a move to 1560.  Below 1560 is a major correction support at 1480.  This would be  major correction and take out most of the Fed supported move with some $380 billion dollars of bonds.  Market makers will be shorting into this move in the futures.