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September 21, 2012  Fri 12:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
U.S. equity indexes consolidated again yesterday after dissapointing data from Asia stoked persistent fears of a global economic slowdown.

The S&P 500 slipped 0.79 points, or 0.05 percent, to close at 1460.26 after recovering from a sharp drop to 1449.98 in early trading.

The Nasdaq 100 traded in a similar fashion. The index closed lower by 2.33 points, or 0.08 percent, at 2861.70 after dipping to 2842.59 off the open.

The small-cap Russell 2000 underperformed its peers, losing 4.57 points, or 0.53 percent, to 851.51.

S&P 500
Resistance is now 1461.26, followed by 1462.50, 1465, and 1470.
Support is now 1459, followed by 1457.50, 1455, and 1449.98 (yesterday's low).
Nasdaq 100
Resistance is now 2862, followed by 2868.65, 2870, and 2877.
Support is now 2856.97, followed by 2850.26, 2842.59 (yesterday's low), and 2835.
Russell 2000
Resistance is now 852, followed by 853.31, 856.50, and 858.95.
Support is now 850, followed by 847.09 (yesterday's low), 845, and 842.51.
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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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