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Message: Levels to watch

Levels to watch

posted on Jan 14, 2010 03:25PM

At least here is a positive chance, with all the neg. out there.

"Need a close above 650 in the RUT to signal a continuation of the advance. The equivalent high-water mark in the S&P (cash) at 1149.74 also bears watching. A move above 1150 in the SPX likely points higher as well, probably up to the next upside objective around 1170-1175. With 1130.38 as support. This week's expiration can go either way, but expirations have historically had a positive bias. "

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