Monday, June 20, 2011

S&P 500 ~ Pre-Market Warm-Up ~ 20 June 2011

The SPX broke the 1273 support around noon last Friday and then closed the gap in the afternoon and bounced from there into the close.

There is a very nice channel forming since early Friday so the channel lines seem to be support/resistance for today. If we break to the downside next support is the low at 1258 and to the upside the next resistance is 1280 and then 1290.