S&P500 Re-Cap 10-13-2011
The S&P 500 opened at 1194.50, 3 points below yesterday’s settlement at 1197.50. The S&P traded down to a low of 1185.25 before finding support and trading back up to 1193.00.
Resistance held at 1193. And price traded between the 1193 and 1187.00 price range until H period when priced traded back up to 1197.00 Sellers responded for an immediate 5 point pullback to 1193.
Initiated buying stepped in bringing the market to a higher high at 1203.00. Resistance held and price again pulled back to 1194.25, 8.75 points.
We closed at the low 1197.75 right at yesterday’s close.
Macro Support
1185.25 10/13/11
1170.75 10/10/11
1144.75 10/6/11 and 10/07/11
1129 10/6/11
1109.25 10/5/11
Micro Support
1177.00 10/10/11
1153.00 10/7/11
Macro Resistance
1214.50 9/20/11 and 9/16/11
1229.00 9/1/11, 8/31/11
Micro Resistance
1207.00 9/20/11
1220.00 9/1/11
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