S&P 500 Re-Cap 11-14-2011
The S&P 500 opened at 1256.50, 5.25 points below Friday’s settlement at 1261.75.
The Market traded up 2 points before encountering resistance at 1258.25. Sellers stepped in and sold price down to 1250.25
The market consolidated between the high and low for the next hour and half before sellers stepped in and sold price down through the range to a new low at 1244.50. Finding support buyers responded buying price back up to 1250.50, a 6 point response. Resistance was present and again sellers stepped in and sold price back down to a slightly lower low and the day’s low at 1243.50
Support held and buyers responded buying it back up to 1252.75 before closing at 1252.00.
Macro Support
1243.50 11/14/11
1221.75 10/21/11
1216.50 10/26/11
1185.25 10/13/11
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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