Well folks, looks like the market is determined to break new highs as it completely ignored the Goldman Sachs saga, and being in a bull market it quickly recovered from Friday's pullback.
Last week highs on the SPY were 121.57 and today in after market the SPY reached 121.31, not much effort from here to gap up tomorrow and open at new highs.
Resistance is around 121, which was broken in after market, let's see if it holds, and of course the next level of resistance is around 121.50
On the way down we have levels of support at 120.60, then 120 and strong support at 118.50 which was yesterday's low.
No comments:
Post a Comment