Saturday, February 18, 2012

S&P 500 - End of Week Analysis - 17 Feb 2012 - Last year's high in sight...

S&P 500 - EOW Analysis - End of Week:  13 Feb to 17 Feb, 2012
The S&P 500 continues its steep rate of climb - like we observed last week (post here), the middle channel line is the current resistance. Bulls failed around these levels last year (see candles of April - May 2011) and that cluster of resistances also play a role in next week's action. 1376 is the middle channel resistance for next week and the number, the Bulls should look to beat.