Today, the Market appears set to open lower. The levels we are watching in the SPY are 117.20(res) and 116.30-116.40(sup). Above 117.20, the next resistance level is 117.50. Below 116.30, the next major support level is 115.

Our best AM Idea for today, which we highlighted in our AM Meeting is to short ITMN on a pop to 10.50-10.60. Tgt: 9.60. If ITMN starts holding above 10.70, trade on the Long side.

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