S&P 500 close = 1091.94

Long-term trend = L

Short-term trend = S

Intermediate (SWING) trend = S (12/7/09)
Intermediate (SWING) position = NONE (purchase price = $0)
Intermediate (SWING) stop loss level = NONE

(click on link on the right to see 'swing trade performance')
(ALL OF THE ABOVE ARE SUBJECT TO CHANGE INTRADAY)
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Although the market opening looked quite bleak, the pullback was fairly controlled. I think we may see a little weakness tomorrow followed by buying. Until we break out of this trading range I have been talking about, I don't think the markets will do anything different. In other words, we will likely ping pong between the current trading range.

Levels to watch for tomorrow:

1098 - key resistance to break to revert the short-term trend back to up

1088 - today's low should serve as support tomorrow