Wednesday, June 27, 2012

Wednesday Evening

S&P Futures Hourly
The bulls put up a fight again on Monday-Tuesday at the red zone (1300-1308). Today they were able to push up and hold the 1320ish level... and I'll be watching that level closely if we get some downside action tomorrow. The 1340ish level is the next major resistance area above... and the volume profile suggests it might be tough for the bulls the first time up there.