Timing Market Turns - S&P 500 Index (SPX) 04/17/2006

Market Timing for Daily and Intraday Investors and Trades.
For Option Trading, Futures Trading and Trading ETF's (SPY) on SPX

Swing trade - 100% short positions at the open today, Monday.

Investor core - 100% cash positions.


Posible range trading today with a downward drift. A time locus at the open should begin a sharp rally that will fail.

Resistance is seen at 1293-6

Support at 1270-1275 if the breakdown occurs within the next three days. Below 1283 will likely indicate more downward movement to come.

Any strong break upward with volume should viewed as significant, so stand aside for the rest of the day and let direction develop a signal

Tight stops above the market are the best of strategies for an expiration week.

Good Trading and God bless

W. B. Busin