As you can see, this is the last resistance before the early April highs. If we convincingly break the 1563/64ish area, new highs are likely. If it holds though, the SPX could form a H&S. We'll see what happens tomorrow.
Monday, April 8, 2013
S&P 500 ~ EOD ~ 8 April 2013
The rally from the support at 1540ish continued today. At the close the SPX hit the resistance at 1563/64:
As you can see, this is the last resistance before the early April highs. If we convincingly break the 1563/64ish area, new highs are likely. If it holds though, the SPX could form a H&S. We'll see what happens tomorrow.
As you can see, this is the last resistance before the early April highs. If we convincingly break the 1563/64ish area, new highs are likely. If it holds though, the SPX could form a H&S. We'll see what happens tomorrow.
