Thursday, October 27, 2011

S&P 500 ~ EOD Update ~ 27 October 2011

The break of 1260 at the open cleared the way for a rally to the next resistance area at around 1300-10 - and we almost got there on the same day!

Supports are now at 1260ish and 1242. Next resistance is at around 1300-10. If the SPX gets above this area a rally back to the yearly highs is very likely.