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Options Trading News

June 1, 2012  Fri 12:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Another-roller coaster session greeted traders and investors yesterday after jobless claims and GDP data failed to motivate buyers.

The S&P 500 fell to a low of 1298.90 before buyers stepped in and pushed the index back to a high of 1319.74 during the final hour of trading. But the momentum failed to hold into the close, and the SPX ended up down 2.99 points, or 0.23 percent, at 1310.33.

The Nasdaq 100 followed a similar pattern, reaching a high of 2540.40 in the last hour but closing lower at 2524.87, a loss of 12.53 points, or 0.49 percent.

The Russell 2000 ended the day off 0.18 points, or 0.02 percent, at 761.82.

S&P 500

Resistance is now 1314.41, followed by 1315, 1318.22, 1319.74 (yesterday's high), and 1325.
Support is now 1309.98, followed by 1308.98, 1306.62, 1303.99, and 1298.90 (yesterday's low).
Nasdaq 100
Resistance is now 2527.30, followed by 2530.01, 2536.50, 2540.40 (yesterday's high), and 2550.
Support is now 2524, followed by 2522.80, 2518.19, 2513.25, and 2507.58 (yesterday's low).
Russell 2000
Resistance is now 762.64, followed by 763.98, 765.48 (yesterday's high), and 770.
Support is now 760.99, followed by 758.42, 756.46, 754, and 751.48 (yesterday's low).


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