S&P 500 Re-Cap 11-10-2011
The S&P 500 opened at 1242.50, 16.75 points above Wednesday’s settlement at 1225.75.
The Market traded down 9 points before encountering support at 1233.50. Buyers bought price up for a 4.25 point response to 1237.75
Seller’s responded selling price down through the range to 1224.50, the day’s low. Support held and buyers responded buying price back up to 1239.25. Micro Resistance was present and sellers stepped in and sold price back down to 1231.00
Support was present and buyers responded buying it back up to 1244.00 a slight higher high and the day’s high. Resistance held at the high and sellers sold price slowly back down to 1232.00, before buyers responded and bought price back up 1240.25. The Market closed near the low at 1237.75
Macro Support
1221.75 10/21/11
1216.50 10/26/11
1185.25 10/13/11
1170.75 10/10/11
Micro Support
1203.00 10/20/11
1196.00 10/20/11
Macro Resistance
1249.25 11/9/11
1244.00 11/10/11
1241.00 8/4/11
Micro Resistance
1248.50 8/3/11
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