Tuesday, September 13, 2011

S&P 500 ~ Intraday Update 1 ~ 13 September 2011

The SPX is now in the target box for wave ii:

As said yesterday I wouldn't be surprised to see a rally to 1186 to close the gap (similar to what wave (ii) did).

Above 1186 next resistances are 1204-08, 1230ish and 1260ish. Support areas remain at 1140ish and 1120ish.