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June 27, 2012  Wed 12:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes logged another meandering session yesterday but managed to hold modest gains, even though June consumer-confidence numbers came in softer than expected.

The S&P 500 closed higher by 6.27 points, or 0.48 percent, at 1319.99. The Nasdaq 100 added 16.30 points, or 0.64 percent, to close at 2549.84.

The Russell 2000 gained 3.12 points, or 0.41 percent, to close at 765.02.

S&P 500
Resistance is now 1322, followed by 1324.20, 1326.15, 1330, and 1335.
Support is now 1319, followed by 1317.10, 1310.30 (yesterday's low), 1308.50, and 1305.
Nasdaq 100
Resistanance is now 2555.27, followed by 2557.50, 2562.50, and 2570.
Support is now 2547.50, followed 2540, 2531.60 (yesterday's low), 2525, and 2522.
Russell 2000
Resistance is now 765.32, followed by 766.01, 767.82 (yesterday's high), and 771.
Support is now 764.32, followed by 762, 760, and 758.10 (yesterday's low).
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Timing the Trade

Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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