Tuesday, October 11, 2011

While the market decides what it wants to do...

Let's look at some key support and resistance, on the short term.

Upside, the gap fill is right around the highs form yesterday, so that would be the first level to watch, then whole round number 1200.

On the downside, watch the overnight lows at 1180.75, followed by yesterday's pullback lows at 1176.75.

In the meantime, the market is trying to figure out what it wants to do.

Model is holding , which is AM consolidation

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