BACK TO IT

Back at it this morning, yes, looks like the SPX 200 day SMA is right back in play this morning as the futures look to open substantially lower (-5 as I type).

On Friday, when the SPX touched its 200 SMA it bounced and rallied higher. I am not so sure that will be the reaction today and if the SPX starts to churn and hang out under the 200 day SMA the selling will no doubt increase.