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Vanity · 07-25-2012, 02:15 PM

SPX been trying to break that 0.5 level at 1344 all day long. Considerable resistance up there. Now it appears to be undergoing a second rejection of the day (first one took the SPX down 12 points thereafter). This does not bode well after an AAPL earnings fall, and it appears the market has run it's course. Tomorrow should be down if this keeps up.

Update: The low volume today is intriguing.

07-25-2012, 02:15 PM	#2992
Vanity Private First Class 259 Rep 123 Posts Drives: BMW E90 LCI Join Date: Feb 2010 Location: BC, Canada iTrader: (0)	SPX been trying to break that 0.5 level at 1344 all day long. Considerable resistance up there. Now it appears to be undergoing a second rejection of the day (first one took the SPX down 12 points thereafter). This does not bode well after an AAPL earnings fall, and it appears the market has run it's course. Tomorrow should be down if this keeps up. Update: The low volume today is intriguing. __________________ Last edited by Vanity; 07-26-2012 at 02:37 PM..
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