Friday, September 16, 2011

S&P 500 ~ Pre-Market Warm-Up ~ 16 September 2011

As already mentioned yesterday we got a nice pullback after the SPX hit the resistance level at 1204-08. By the end of the day though the market was back above 1200 and closed at the very upper end of the resistance level at 1209.

If we get a convincing break of the 1204-08 resistance level the next targets are 1230ish and 1260ish. Support levels are at 1190ish, 1140ish and 1120ish.

I'm not at home today so unfortunately this will be the only post for today.

Have a great day!