Sunday, January 23, 2011

SPX - Daily Market Thought 24012011

Above 1262 trend daily remain bullish target range [1297,1324] possible top next months.
If 1297 is the top need confirmation with a close daily below 1262.
Below 1290 trend remain bearish 60 minutes chart win momentum downside with a close below 1272 first target 1262.
1272 it`s the last suport area before key level daily chart 1262.

Suport Area:
Daily -1220, 1235,1262 and 1278;
60 minutes - 1272,1278

Resistance Area:
Daily - 1297 and 1324;
60 minutes - 1290
Click to zoom in. Great monday

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