The low opening seems to be the path of least resistance now, we make a new reaction low (maybe to 1275 maybe even all the way to 1263, though that would be early, I don't have that till Friday) and then have a minor counter trend run starting possibly around 11:20 or so but not going very far (not back above 1300 if we reach 1275). A critical time then will be early afternoon (yes 2:22) when the PPT determination, and their mettle will be put to the test.
Zeev
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