Saturday, December 24, 2011

Merry Christmas!

I hope you went long at the 1200ish support level and made yourself a Christmas present! : )

The SPX rallied to the resistance at 1256 on Thursday, went sideways for half a day, and then rallied to the strong resistance area at 1265-67 on Friday. We're up more than 60 handles since we hit the important medium-term support around 1200 earlier this week! ; )

I wish you a Merry Christmas!