Market TAO Tues 10-27-09

Markets overnight are mixed .

Asia down
Europe up

waiting for home sales reports

Es futures flat

I expect a narrow range day .
there has been one penetration and one touch of the extreme Bollinger Band in the past two days on the 2 hr SPX chart suggesting a flatting out of price action for next 7-16 ....2 hr bars...

my plan today is to scale into spy up to 108 and exit at or below 106.50 down to touch of gap 106.00