SPX S/R 4-27-11

SPX stopped only 45 pennies away from the psychological 1350 level yesterday.  If the 1350 handle is touched today, SPX should accelerate higher a few handles.  Market bears need to see the 1337 handle lost to get anything going lower.

Markets will probably idle in front of the press conference at 2:15 PM EST, where the fate of the dollar, and thus the markets, will then be known.

·         1377

·         1360

·         1350

·         Tuesday HOD 1349.55

·         Tuesday Close 1347.24

·         1347

·         1343-1344

·         1341

·         1337-1339

·         Tuesday LOD 1336.75

·         1331-1333

·         1328-1329

·         1325-1326

·         1318-1323

·         1314-1316

·         1312

·         1305-1308

·         1298-1301

·         1294-1295

·         1286-1287