SP 500 TECHNICAL ANALYSIS FOR 1-6-2010

• SP 500s MOVING DOWN IN A CHANNEL.
• 1060 SHOULD BE GOOD SUPPORT ZONE.
• IF THIS IS HELD INDEX SHOULD DO AN UPSIDE BREAK OUT WITHIN THE NEXT 2 OR 3 DAYS.
• IF 1055-1060 IS BROKEN THE INDEX WILL MOVE DOWN 1040.

THANK YOU