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Options Trading News

September 11, 2012  Tue 12:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
U.S. equity indexes saw a late-session selloff yesterday as the S&P 500 failed to hold a key support level at 1431.78 after concerns over the terms of Spain's bailout crossed the tape.

The SPX declined by 8.84 points, or 0.61 percent, to close at 1429.08 after making a new 2012 high of 1428.75 shortly after the opening bell.

The Nasdaq 100 dropped 36.76 points, or 1.3 percent, to close under the 2800 level at 2788.35 after Apple shares fell 2.6 percent.

After making a high on the day of 844.30, the Russell 2000 small caps declined by 2.90 points, or 0.34 percent, to close at 839.37.

S&P 500
Resistance is now 1430, followed by 1435.67, 1438.74 (yesterday's and 2012 high), and 1440.
Support is now 1428.90, followed by 1426.56, 1422.30, and 1418.88.
Nasdaq 100
Resistance is now 2790, followed by 2795.08, 2803.22, and 2810.77.
Support is now 2785, followed by 2780.50, 2772.55, and 2760.59.
Russell 2000
Resistance now 841.34, followed by 842.67, 844.30 (yesterday's high), and 845.
Support is now 839, followed by 837.34, 835.36, and 828.44 (last Thursday's opening gap level).


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