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Expectations For May 3, 2012

|Includes: SPDR S&P 500 Trust ETF (SPY)

10 minutes before 8:30 am report - The mildly bearish structure on emini S&P is not broken.

As long as 1402-1405 acting as resistance by RTH open, looking for a drop back down to at least midpoint yesterday.

The rest of the downside targets for the day are previous day low around 90, then 85 and below 80.