Friday, November 9, 2012

SPX ~ Intraday ~ 9 November 2012

The SPX hit the first target (1375ish) today:

The resistance at 1387 in the S&P future might cap today's rally (= SPX 1391). So, a short at this level might be good for a few handles. If 1391 is breached though, a rally back to 1400 or even 1407 should follow.