Monday, May 7, 2012

S&P 500 ~ Pre-Market Warm-Up ~ 7 May 2012

The important support level for the bulls at 1385 was breached on Friday:

The SPX then sold off to below 1370. Today in pre-market, the futures declined even further and hit 1342.5 (~SPX 1346). Right now, the ES is back near 1360 so the SPX should open around the support level at 1360ish.