Today was almost a repeat of yesterday...almost. We didn't get the big rally at the end of the day, but we continued to chop sideways...and slightly downward. Wait for the breakout (around 982) before buying any calls. Also watch the S&P 500 futures tomorrow morning before the market opens. You could see how China's market trades overnight (it was down over 2% last night), but the S&P 500 futures should reflect the move tomorrow morning before the market opens. To find the futures information, go to www.cnbc.com. Click on "markets" then "pre-markets".
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