September 25, 2010

S&P 500 - Previous resistance becomes support


  • S&P 500 4 hour chart with the important price pivot zone of 1117 - 11128.
  • This band acted as stiff resistance recently. Now that the index broke above this band this zone will act as support on every dip.
  • Index should trade above 1143 to sustain the current up move.

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