Markets put in an impressive rebound from oversold conditions in the pre-market on the Japan earthquake news to the SPY pivot point at the mid-day. Whether that proves support or resistance will be key to monitor in the p.m. session.

Related posts:

  1. 09.16.10 – Strong SPY Resistance at Pivot
  2. 08.12.10 – Coiling Under Pivot
  3. 01.19.10 – Trend-Day Rebound
  4. Pivot Breakout
  5. 02.03.11 – Resistance at Pivot