Looking Ahead to Friday's Open

The sell-off on Thursday happened as anticipated, however, I am surprised the we closed below $112 on the SPY. I expected the support to be stronger there. We are currently sitting at pretty good support on the S&P and I am tempted to go long here, but we are not currently at a level where I feel comfortable making a trade. So, I will wait till we get closer to market open to make any trade decisions. I think it is 50-50 right now whether we move up from the $1111 price point on the S&P or from the $111.53 price that the SPY closed at in after market trading. The futures action tonight as well as tomorrow's pre-market open on the SPY will give us a better indication of what trades to make tomorrow... so until then, good night...