The S&P 500 opened at 1289.50, 14 points above Tuesday’s settlement at 1275.50.
The major U.S. indexes closed above yesterday’s settlement. The High of the day was 1292.00 and the low of the day was 1285.00
In the context of today’s narrow range, the rally which occurred overnight was sold-off into from start to finish. Most of the today’s session traded in a narrow high frequency algorithmic pattern and If you bought anywhere within today’s trading range, you lost money or were FLAT at the close.
The Market Closed at 1286.25
Macro Support
1285.00 1/10/12
1263.75 1/4/12
1250.75 12/30/11
1243.00 10/6/11 and 10/07/11
1220.00 9/1/11
Micro Support
1259.25 12/30/11
Macro Resistance
1335.00 7/26/11
1313.00 7/28/11
1300.75 7/29/11
1292.00 1/10/12
Micro Resistance
1296.50 7/29/11
