Monday’s trading opened the week at 1062.25, the same price as Friday’s close. Prices were consolidated and choppy off the open today but found some direction working their way to the high of 1068.50 shortly after 11am market time. Prices reversed and began trading down for the afternoon session, pushing their way down to test support at 1053.00 shortly before close. S&P closed the trading day today at 1054.00 after trading a 14.5 range throughout the day.
For Tuesday’s trading we could see a test back into the 1061 area of resistance, if buyers re motivated evnough to oush price through resistance our next targets will be 1067.00 with an extreme high in at 1078.00. If prices move down we will see 1050.75 as the first level of support, with a retest of 1041.00 to follow and an extreme low of 1020.00.
