Tuesday, July 26, 2011

S&P 500 ~ EOD Update ~ 26 July 2011

I actually thought that a break of 1336 would lead to a bigger rally than only to 1339. Nevertheless we still got a nice 9-handle-bounce from the support area around 1330:

Support remains at 1330-31 and 1325-26 and resistance at 1345-47.

According to the fractal the market should rally into early August starting today/tomorrow. But we'll see tomorrow what the market has in mind. ; )