JCH57: S&P futures fell off a cliff after hours.

JCH57: Oh sorry, misread the chart - the cliff was right into closing, still lower in AH though.

Chines33: Indeed probably going to test that 1230 area.

Josh Krause: Bennie better have some good news on Wednesday. Market has already priced in no recession so ADP numbers shouldn't impact much.

Josh Krause: No QE3 or hints of QE3 on Wednesday should bring the markets down past 1230. I'm not convinced of much below 1200 but room for downside.

vinyal: i think 1230 holds. i will be putting more money to work. The Johny come latelys are getting ambushed now.

mun2000: told you at 102 APA is close to top if S get strong will be crushed .Carefull if you see euro back at 1.44 buy APA other wise short

Josh Krause: It depends on the momentum we see tomorrow. If there are more crazy bad Europe news ala Greek referendum 1230 could be gone before Wed.

vinyal: i see a lot of gaps getting filled on tons of charts left by last thursdays explosive move. low vol sell off tells me the mutual funds will>

vinyal: knock this market down to get in at lower prices.

Josh Krause: Downside may have been muted today to show better month ending. If Dollar continues rally (It will if BoJ continues intervention) ES down

vinyal: The japanese attempts have always been futile. last time they intervened the effect lasted 24hrs. if fed hints more easing goodbye looney

C Meyer: 1166...50% retracement

JCH57: Nah, straight to 575.

Josh Krause: If Greece defaults, Italy bonds break 7% and France gets downgraded along with no QE3 we might be headed that way JCH

vinyal: if 1230 fails i will go all cash. That level is typical bull market retracment anything more and i will run for the hills