Friday, October 14, 2011

S&P 500 ~ Pre-Market Warm-Up ~ 14 October 2011

We got the expected correction yesterday and closed the open gap at 1195:

Overnight the market rallied and we're back near the resistance at 1220. A possibility is a double top similar to the one in mid September but let's see first what happens at the open.

Resistance areas are at 1220 and 1230. Supports are at yesterday's low, 1155, and 1120ish.