Monday, November 7, 2011

S&P 500 ~ EOD Update ~ 7 November 2011

As said last week as long as 1190ish doesn't break I don't trust this sell-off from 1290ish.

End of year is often bullish, thus, as long as we stay above 1190 we could see higher prices (wave C to 1310ish or so).

Support levels are at 1220-1230 (top of previous range) and 1190ish. Resistances are at 1260ish, 1285 and then at 1300-10.