SPX Daily Market Thought 12072010

Another green day today. SPX close at the highs of the session 1077.95. Close above 1074 resistance (50% of the range) and hold for now 1058. Should expect now test 1095/1100 area next sessions, but stay alert 1083 minor resistance upside and 1058 minor suport down side.
Close hourly above 1083 expect 1095/1100.
Close hourly below 1058 expect 1041 major suport.
Short-term looking to ES_F bearish divergence at the close chart 60 minutes. Need confirmation with a close below today lows.
Enjoy your weekend. Will add more thought this weekend.

Click to zoom in. Good luck folks.

SPX - Daily Chart

SPX Daily Market Thought 12072010