Stock Market Analysis

Yesterday, we mentioned that: "A close below 1800 will further weaken stocks & might cause stocks to drop even more"
S&P Futures tried to rebound but found resistance @ 1796 & dropped more
It dropped to 1787.65 @ 8:15am EST
It also dropped a little more but rebounded @ 1786 after ADP Non-Farm Employment Change data @ 8:15am EST
New resistance @ 1789 but might be temporary

The stock market is weak, all supports were broken & it already dropped more but is trying to rebound now as it might be too low
However, it's still possible for stocks to drop sharply again anytime
Trading today will be at a higher risk

Look to sell S&P Futures @ 1789 or 1796 if it stays below & drops more
Look to buy S&P Futures @ 1789 if it breaks above & go higher
Look to buy S&P Futures @ 1786 if it rebounds & go higher again

All for less than 30 minutes expiration