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Key Support and Resistance Area's

daytraderockstar post

posted by daytraderockstar

Dec 07, 2009 1:57 pm

BoA/Merrill Lynch see 1120 and 1084 as key levels for S&P500- According to BoA/Merrill analysts, bullish signal if S&P 500 closes above 1120, bearish signal if the S&P closes below 1084.
- See a break of 1120 would target a move to 1200-1250.
- Near-term resistance for the S&P 500 is 1100-1120.