Trap

I could see a Trap setting up for the indexes. From a trading perspective there are some opportunities but caution prevails for anyone looking to go loooong; that's simply a bad idea.

• DOW (12,651) could trade back up to 13,000 before turning back down
• NAZ (2456) maybe back up to 2530ish
• S&P (1396) back up to around 1440

I talked about their pivotal levels last Thursday