More Bad News

Philly Fed number came out very negative and it took a while, but the market has since sold and is now hovering at the overnight lows... We continue to see negative news in this market, so I will be surprised now if we do push much higher... Watching closely to see if we get a breakdown below the overnight lows which also happen to be the previous resistance highs of the previous one month range. At this point, if we do rally back up, I will be looking for short entries... and if we break below the 1100 level, I will be looking to add to my shorts...