"Human emotion is both the source of
opportunity in trading and the greatest
challenge. Master it and you will succeed."
Tuesday, May 1, 2012
Sunday, January 15, 2012
SPX Levels of Support and Resistance
The S&P 500 closed at a crucial point this week.Resistance is clearly defined at 1295 and Support at 1260.
A break of support at 1260 could bring the index to the 1230ish level, and a break above 1295, should propel the market to the 1350 mark.
Absentee of any news, the path of least resistance is to the upside.
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