S&P 500 Re-Cap 11-07-2011
The S&P 500 opened at 1248.50, 2.25 points below Friday’s settlement at 1250.75.
The Market traded up to 1256.00 before encountering resistance. Sellers then sold it down to 1241.50 a 14.50 point response. Finding support buyers responded buying price up to 1247.00, a 5.50 point response.
Resistance held and buyers responded selling it back down to 1240.50. Support was present and buyers bought price back to 1244.75. In F period Buyers stepped up and sold price down to a lower low at 1236.50, an 8.5 point move.
Support was present and Buyers responded buying price up through the range 1258.50 A higher high and the high of the day (Macro Resistance from 8/3/11).
Resistance held and price pulled back 2 points before closing at 1257.25.
Macro Support
1245.25 10/31/11
1236.50 11/7/11
1230.50 11/3/11
1221.75 10/21/11
Micro Support
1233.00 10/26/11
1203.00 10/20/11
Macro Resistance
1289.25 10/27/11
1283.50 10/28/11
1267.50 10/31/11
1258.00 8/3/11 and 11/7/11
Micro Resistance
1296.50 7/29/11
For more information, please visit: www.ioamt.com
