S&P 500 Re-Cap 11-09-2011
The S&P 500 opened at 1243.25, 30 points below Tuesday’s settlement at 1273.25.
The Market traded up 3 points before encountering resistance at 1246.25,
Sellers sold it down to 1237.50 a 7.50 point response. Support was present and buyers responded buying price back up to 1244.00. Again Sellers stepped in and sold price back down through the range to a lower low at 1236.00
Support was present and buyers responded buying it back up to 1249.25 a higher high and the day’s high. Resistance held at the high and sellers sold price down through the range to another lower low at 1222.75, also the day’s low. Support was present and buyers responded buying price back up to 1233.25 before consolidating between 1233.00 and 1223.00. The Market closed near the low at 1225.75
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
1258.00 8/3/11
1241.00 8/4/11
1238.75 11/2/11
1235.00 10/24/11
Micro Resistance
1248.50 8/3/11
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