There is a very nice channel forming since early Friday so the channel lines seem to be support/resistance for today. If we break to the downside next support is the low at 1258 and to the upside the next resistance is 1280 and then 1290.
Monday, June 20, 2011
S&P 500 ~ Pre-Market Warm-Up ~ 20 June 2011
The SPX broke the 1273 support around noon last Friday and then closed the gap in the afternoon and bounced from there into the close.
There is a very nice channel forming since early Friday so the channel lines seem to be support/resistance for today. If we break to the downside next support is the low at 1258 and to the upside the next resistance is 1280 and then 1290.
There is a very nice channel forming since early Friday so the channel lines seem to be support/resistance for today. If we break to the downside next support is the low at 1258 and to the upside the next resistance is 1280 and then 1290.
