SPX Daily Market Thought 18062010

Close 1 point above key number short-term 1115 with a nice run last 20 minutes of session, but close below high of last session.

So I`ll change beas short-term if close above 1118.74 ( high of tuesday).

I need to see a decent breakout of this area. Last two candle didn`t show me anything

Overbought conditions to see market reaction > Any change

Key level dowside 1089 Add one more number today 1106. What a big fight last session around 1106.
Close hourly below 1106 expect 1089.
Suport: range1077,1082, 1090 and 1106Click to zoom in. Good luck folks.

SPX Daily Chart

SPX Daily Market Thought 18062010