Friday, September 11, 2009

4 Major Resistances In S&P500

We have 4 major resistances:

1: 1050 October,08 rally.

2: 1066, if S&P get above it would be very positive and we could easily shoot for 1120.

3: 1120-1125 it should act as strong résistance, if we move above it next stop will be 1225.

4: if S&P break through the 1225 we will not go down for couple years.