Today, the Market appears set to open higher. The levels we are watching in the SPY are 116.60 (sup) and 117.50 (res). Below 116.60, the next support level is 116.10. Above 117.50, the next resistance level is 118.20

Our best AM Idea for today, which we highlighted in our AM Meeting is ITMN. Short term overbought. Short if it fails to hold above 47.25. Add to short position when it drops 47.00. Tgt: 45.40.

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