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01/12/12 8:43 AM

#18796 RE: RCKS #18795

SP Futures 1285-1298-1290
Overnight rally looks to have double topped ahead of the US Econ news which was bearish and causing a pullback. Whether the pullback will again find support is the question here? TNX is only slightly higher but well below it's declining trendline. Time to see if TNX will have the leading pattern or if the 100SMAs of the Markets will continue to hold support.
My anticipation would be a selloff similar to Jan 6th, we shall see.
Enjoy the Day!