The 1370-80 area should be a strong support area. Thus a bounce there is very likely. Resistance is now around 1390-95 so any bounce will most likely be stopped in this area.
Monday, April 9, 2012
S&P 500 ~ Support & Resistance ~ 9 April 2012
The SPX didn't like the jobs numbers on Friday and will open lower today around 1380.
The 1370-80 area should be a strong support area. Thus a bounce there is very likely. Resistance is now around 1390-95 so any bounce will most likely be stopped in this area.
The 1370-80 area should be a strong support area. Thus a bounce there is very likely. Resistance is now around 1390-95 so any bounce will most likely be stopped in this area.
