Day trading

It looks like we have hit a ceiling in the S&P 500, 801 held.  Large resistance there to 806.

Watch out for a quick rally then a drop.  Don’t know who would like to hold this into the weekend.  Japan’s market is closed friday for a national holiday.  This will slow down a sell off in Asia but expecting some hesistancy.  Europe is looking bad too with a hedge fund closing today at the end of the NY market.  Lending to non-euro countries increased past their “emergency” reserves and funding for Euro based countries is in question for the rest of the year.