Friday, February 17, 2012

S&P500 resistance 17.2.2012

The recent money flow statistics has some evidence that the next two days would be bearish. This would be verified with the current resistance level S&P500 is facing. At least the index has tried to break above 1358.6 but haven't succeeded yet. There is also the previous April 2011 high at 1376.1. S&P500 remains in an uptrend above 1345.