End of Day SPX 500 9-24-09

We had a drop in first 30 min's and chop the rest of day day which has been typical of the controlled market lately.

Here are the support/ resistance zones for Friday.

With the funky Rimm report I'm not sure how the markets will take it in the AM but I believe we are beginning to see the true weakness of the consumer and I expect we will see more of the same in the next 3 weeks.

This meager drop of honey for the bears should pull them out of their caves in the AM.
The Dip buyers hid in the bushes today but they are not gone. They are waiting to mug the anorexic bears in the next few days. Maybe Monday.

My plan is to sell up to Spx 1062 and exit at or below 1040.

I will see how the Asians and Euro's play this overnight and will have a better focus before market open Bmo.