There are some nice similarities but there is strong resistance between 1390 and 1400. Let's see if we can break it and rally back to the highs or if it's only a backtest.
Thursday, April 12, 2012
S&P 500 ~ EOD Update ~ 12 April 2012
Another rally today and we're back at the 1390ish level. Below I compared the current correction to the one in March:
There are some nice similarities but there is strong resistance between 1390 and 1400. Let's see if we can break it and rally back to the highs or if it's only a backtest.
There are some nice similarities but there is strong resistance between 1390 and 1400. Let's see if we can break it and rally back to the highs or if it's only a backtest.
