SPX S/R 3-28-11

SPX battled to get up thru that overhead resistance at 1318-1319 on Friday, but failed, then went down to test support at 1310-1311 and bounced, settling at 1314.  Thus, the intial test tomorrow is 1315 resistance and 1312 support.  If the SPX moves up thru 1319 the buying will accelerate.  If the SPX moves down thru 1310, the selling will accelerate.  Formidable resistance overhead at 1318-1326.

·        1350

·        1344

·        1341

·        1338

·        1332-1333

·        1331

·        1329

·        1325-1326

·        1318-1323; HOD Friday 1319.18

·        1315-1316

Start the week at 1313.80

·        1312

·        1311

LOD Friday 1310.15

·        1307-1308

·        1305-1306

·        1303

·        1298-1301

·        1294-1295

·        1270

·        1261-1263

·        1258.5-1259.0

·        1257-1258

·        1252

·        1243-1244

·        1235