SPX S/R 4-29-11 EOM

Today's session wraps up April; end of month today.  That means the monthly charts will have new prints to review over the weekend.  For today, Friday, market bulls will keep the party alive if they can punch up thru 1363 resistance.  Next targets are 1365 and 1368.  The buoyancy yesterday was due to financials jumping on the bull wagon, therefore, watch financials closely again today.

For the market bears, they need to push down thru 1354 support to get anything going.  If that can be accomplished then a test of 1350 wil come as well.  Bulls are in control now, copper is the only bearish sector.

·         1404

·         1399-1400

·         1391

·         1388-1389

·         1386

·         1377

·         1370-1371

·         1368

·         1365

·         1360-1363

·         HOD Thursday 1361.71

·         1357-1358

·         1354

·         LOD Thursday 1353.60

·         1350

·         1343-1344

·         1341

·         1337

·         1331-1333

·         1328-1329

·         1325-1326

·         1318-1323

·         1314-1316

·         1312

·         1305-1308