S&P 500 Re-Cap 10-06-2011
The S&P 500 opened at 1137.25, 2.25 points above yesterday’s settlement at 1135.00
The S&P traded down filling the gap before finding support at 1129.00 yesterday’s 1st support level.
Responsive buying stepped in and price moved up through the range to 1144.00, yesterdays 1st resistance level then pulled back and found support at 1141.00
C period price auctioned up to 1147 before pulling back and again finding support at 1141.
Initiated buying took price up to 1154.50. Price then consolidated between 1154 and 1145.00 a few hours.
In M Period initiated buying auctioned price up to 1160.50. Responsive selling took price back down to 1157.25 before closing the day at 1158.00, yesterday’s 3rd resistance level.
Macro Support
1129.00 10/5/11
1109.50 10/5/11
1068.00 10/4/11
Micro Support
1144.00 10/6/11
1134.00 10/5/11
1122.50 10/5/11
1118.00 10/5/11
Macro Resistance
1170.00 9/27, 9/28, 9/29
1190.00 9/27/11
Micro Resistance
1175.00 9/27/11
1184.00 9/27/11
1195.50 9/21/11
1207.00 9/20/11
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