Monday, November 28, 2011

First hour is in

Breadth is very strong, and momentum favors more upside.

We are short term overbought, which is what happens when you are up 3+% in the first hour, but that doesn't mean we can't go higher, be very careful on the short side with these internals.

Basis the S&P Futures:

Resistance:

1200
1209

Support:

1190-1188.75
1179


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