I will post more analysis later if I have time.
At this point 1449.50-1451 is an extremely critical zone.
If it can sustain a move above it would definately be bullish and new highs are not out of question.
However, if this drops below again and holds below we could see downard pressure on the market down to 1442 or lower.
Bernake speaking today so we will see what develops. Wednesday of option expiry typically volatile.
At this point 1449.50-1451 is an extremely critical zone.
If it can sustain a move above it would definately be bullish and new highs are not out of question.
However, if this drops below again and holds below we could see downard pressure on the market down to 1442 or lower.
Bernake speaking today so we will see what develops. Wednesday of option expiry typically volatile.