S&P 500 Re-Cap 11-01-2011
The S&P 500 opened at 1214.75, 31.75 points below Monday’s settlement at 1246.50.
The Market traded down to 1209.50. Finding support buyers bought price up through the range to 1228.75, a 19.25 point response. Sellers responded bringing price back down through the range to test the low.
The low held and buyers responded in H period again buying price up through the range to a slight higher high at 1229.50
Price spent the day consolidated between the low of 1209.50 and a high of 1229.50, a 20 point range.
The market closed at 1224.00
Macro Support
1221.75 10/21/11
1216.50 10/26/11
1185.25 10/13/11
1170.75 10/10/11
Micro Support
1203.00 10/20/11
1196.00 10/20/11
Macro Resistance
1267.50 10/31/11
1258.00 8/3/11
1241.00 8/4/11
1235.00 10/24/11
Micro Resistance
1248.50 8/3/11
1229.00 10/26/11
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