Very short term opportunity

with the SPX currently at 1176.54, and a series of daily failed auctions, it appears the market is setting up a rally that should then set up the selling wave we expected next week.  Much of our work seems to be anticipating a sell-off that could take the SPX down to the 1100 level. 

While it looks like the SPX is setting up a rally, our momentum indicators are still on a sell signal...We do not have a new Buy signal. We do not expect the rally to carry above 1202.  If you enter the long side for a very short term bounce, use a very tight stop at 1175.5

This idea is just for very short term traders.. looking to scalp 20 or 30 SPX points.

Bill