Today, the Market appears set to open lower. The levels we are watching in the SPY are 120.00(res) and 118.80(sup). Below 118.80, the next support level is 117.50 and above 120.00 the next resistance level is 121.50.

Our best AM Idea for today, which we highlighted in our AM Meeting is to use 80.50 as an inflection point on CREE, long above and short below.

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