On Wednesday the market had a wild ride, perfect to make big $$.
The S&P opened and quickly went to a high of 1210.99 up 4 points stalling around 10:00 AM , to then sell off 8 points to support around 1202, back up again 6 points to 1208.50, establishing resistance at that level (yesterday's highs), to then fall 10 points to 1198.85 breaking yesterday's lows, to then retrace back up a little over 50% to finish the session at 1205.94, in total the index traveled 36 points! Kashing!!!
After all that action the S&P made a higher high and a lower low closing almost flat creating a doji on the daily chart, so at this time anything goes.
Support is still at Friday's lows at 1185 and levels of resistance first at 1210 and then at 1213.50
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