The market is very sloppy with the S&P sandwiched between its 20 day and 50 day/trend line. This should resolve itself soon enough and the key may be GS. I have seen in more than one place that GS appears to have a bear flag and that the MA are about to cross on the down side. There is no clean level here but it is something to monitor.

With the economic calendar light this week technical indicators like GS and important MA’s on the indexes could get more play. life and qcom long could be actionable tomorrow, but the qcom does look a little extended.

life 50 1.9
qcom 44 18.6

FDO 28 short could also be actionable tomorrow as well. This is one could be more tricky because we have bounced here 4 times in the last 4 days, and the 50 day MA is 28.07, so it could be a support buy around the figure.

fdo 28 3.9