S&P

The market opened with a small gap down of 50 cents at 1195.95, which became initial resistance after bouncing from a 2.70 point drop. Then after breafly touching resistance it quickly sold off 7 points finding support at prior's intraday pullback of 1188.80 , bouncing from there the rest of the day, first going through initial resistance at 1195.90, then 1196.50 to finally reach 1199 which was yesterday's high, very nice play for a multi-point day, 7 points down and 11 points up.
Volume again was on the low side and resistance remains at 1200