The Market gapped up 5+ points overnight with the news that Greece was being bailed out, but as 8:00 AM this morning, the market has giving back all those gains.
For today's trading day, we have the S&P first resistance at 1194.66, 2nd resistance around 1196.75 and 3rd resistance at 1205, on the way down support is at 1192ish, then 1189.60 and 1187 which was Friday's low. Trading along those lines for entries and exits should keep you in the money.
There are no major news to be concerned about today, other than the Treasury Budget which is released at 2:00 PM and that earnings season starts today with Alcoa reporting after the close.
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