PRE OPEN LOOK

I mentioned last night about the selloff in the last few minutes of trading on Friday and now it looks like it will reverse back up on the open as the SP futures are up by 4.5 points. Also, keep in mind that Monday's are the worst day for gap fill trades according to John Carter of Mastering The Trade.

The pivot points on the SPY is 125.9 which also approximates the weekly pivot of 126. Daily resistance is 126.5 and support is 124.75.