Globex inventory is short and right at our Key Support of 4327.25-4321.50. Lets break down some paths for us today. To the upside holding above our Key Level which is also currently PM support can leave us with a test of PM resistance of 4349.50-4345.25 which we need to break and stay over to see continuation to 4362.75-4359.50 and next Key Resistance at 4378.50-4374.75 but we do have plenty of inventory above that is coming out so have to watch the levels if playing the long side. On the downside if we break our Key Support at 4327.25-4321.50 we have 4310-4307.25, 4291.50-4285.75 and our next Key Support at 4272-4265.50 if we are going down on big volume and manage to break that then we can see a move even lower into our next value at 4252.50-4247.50, 4234.75-4229.25 and next good support at 4220-4214.75. Its a beginning of a new month so let the plays set up and show us where we will head.