SPX broke 1660 area resistance on Friday afternoon and closed the day at 1667.47 SPX. On the SPX 60min chart the current rising channel from the 1536 low is still in play and support there is in the 1640 area, with resistance now in the 1675 area:
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May 20th, 2013 E-mini Prep Work
Coming into today there are several areas worth noting.
First off resistance: 415pm gap fil- 1663.75, Overnight High-1664.50 and Friday’s High- 1665.75
First midpoint Current overnight low- 1659.75, Low volume node from the multi day breakout 1660.25, daily pivot point 1660.75, Value area high- 1661.00 (more…)
