Thursday, June 20, 2013

S&P 500 ~ Intraday 2 ~ 20 June 2013

The SPX hit the support at 1600ish and rallied to the resistance around 1610ish:

Since then we sold off again though and are again at 1600ish.

If this level is convincingly broken, I actually think that we could drop to 1540ish. If it holds though, the upside targets are still the same: 1610ish and 1623ish.