market prodict for Oct. 3 tommorrow

Dec. 3 Time 8.50AM
The December S&P 500 index was slightly lower overnight as it consolidates some of this week's rally, which spiked above the 87% retracement level of the July-August decline crossing at 1555.22. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off August's low, July's high crossing at 1579.20 is the next upside target. Closes below last Tuesday's low crossing at 1519.00 would confirm that a short-term top has been posted. The December S&P 500 Index was down 1.70 pt. at 1552.90 as of 6:05 AM CST. Overnight action sets the stage for a steady to lower opening by the December S&P 500 index when the day session begins later this morning. First resistance; is Monday's high crossing at 1560.70. Second resistance is July's high crossing at 1579.20. First support; is the 87% retracement level crossing at 1555.22. Second support is the 10-day moving average crossing at 1540.98.

Dec. 3 Time 2AM
The December S&P 500 index closed lower on Tuesday as it consolidated some of this fall's rally. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are overbought but are neutral to bullish signaling that sideways to higher prices are possible. If December extends last week's rally, July's high crossing at 1579.20 is the next upside target. Closes below the 20-day moving average crossing at 1515.75 would confirm that a short-term top has been posted.

cretical number for SP e-mini trade    1541  1545  1518  1516 now peak 1561 for Dec 2007