S&P 500 ~ Intraday Update 1 ~ 4 October 2011

The SPX lost another 20 handles this morning and is now trading clearly below 1100:

It seems as there is no support until the 1040-50 area. Resistances are at 1100ish and 1120ish.

An interesting analogy was posted on Zerohedge today:

"Oct 3, 2008: SPX=1099.23; VIX=45.14 is to Oct 3, 2011: SPX=1099.23; VIX=45.45 
as

Oct. 10, 2008: SPX=899.22; VIX = 69.95 is to ...."

I don't think it'll happen again but interesting nonetheless ; )