S&P 500 Re-Cap 11-15-2011
The S&P 500 opened at 1246.25, 5.75 points below Monday’s settlement at 1252.00.
The Market traded down 2 points before encountering support at 1244.25. Buyers bought price up to 1253.25
The market consolidated between the high and low for the next hour before initiated selling took price down to a lower low and the day’s low at 1241.75. Near yesterday’s low and macro support buyers responded buying price back up through the range to a higher high and the day’s high at 1262.25, close to the 11/11 high. Resistance was present and again sellers stepped in and sold price back down to 1253.25, a 9 point response.
The market closed at 1253.75.
Macro Support
1243.50 11/14/11
1141.75 11/15/11
1221.75 10/21/11
1216.50 10/26/11
Micro Support
1203.00 10/20/11
1196.00 10/20/11
Macro Resistance
1283.50 10/28/11
1267.50 10/31/11
1264.75 11/11/11
1258.00 8/3/11, 11/7/11, 11/14/11
Micro Resistance
1296.50 7/29/11
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