SP 500 Emini held 1037 support area

The chart posted shows support and resistance areas to be watching over the next few days.
The SP 500 tested the 1037 support area a few times and has held. This is now important support to watch.
Above I have marked in a few resistance areas to keep an eye on.
For resistance, if the market trades strongly above 1064 - 1065.50 then the 1072.75 is also a resistance area to watch.
The DOW Index has held the Daily .618 retracement and the SP 500 Emini has also been holding this area, although it traded lower than the .618.
Today we will see a gap up open, watch for any signs of trend off the open.
Have a great trading day!
Leslie
www.tradingliveonline.com

This entry was posted on Wednesday, September 1st, 2010 at 8:53 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.