The first level of potential resistance is around $110.50 on the SPY. Should we test higher, the range between $113-$114 will be significant.
There's a lot of bounce potential out there; take a look into GS and FCX:
Wednesday, January 27, 2010
Fed day bounce
The S&P found anxious buyers at the 1084 level. Now we gauge how far the deep pockets are willing to ride this thing. Should be gap up tomorrow we should be looking for whatever dip there is to be bought. I suspect we would likely get a rally of some sort tomorrow, should Bernanke be confirmed for another term?
The first level of potential resistance is around $110.50 on the SPY. Should we test higher, the range between $113-$114 will be significant.
There's a lot of bounce potential out there; take a look into GS and FCX:
The first level of potential resistance is around $110.50 on the SPY. Should we test higher, the range between $113-$114 will be significant.
There's a lot of bounce potential out there; take a look into GS and FCX:
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