Wednesday, March 30, 2011

S&P 500 ~ Intraday Update ~ 30 March 2011

1320 breached - 1332 reached:

As you can see in the chart above resistance is at 1332ish and then at 1344 and support at 1320ish (gap area) and then between 1305-09.

Note sure if we can break 1332ish in the first attempt, a correction down into the 1300ish area would form a very nice right shoulder, wouldn't it? ; )

But let's see first what happens at 1332.