Friday, September 30, 2011

S&P 500 ~ Intraday Update 1 ~ 30 September 2011

After we got a rally from the 1120 support area to the 1190ish resistance level earlier this week the SPX has declined back to the 1140ish support. So, the market continues to bounce between the support and resistance levels:

Once this range breaks (~1120-1220) we should see a big move (up or down). My guess is down but we'll see... ; )