Market Report -- In Play (SPY)

November 17, 2009 1:40 PM ET

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Related topics: Movers

S&P 500 eyeing intraday bounce high/resistance Noted this morning that the index needed to clear the 1109.50 area in order to neutralize the action off yesterday's high. The morning push off the opening low failed to reach this level with additional downticks seen into late morning trade. The slide inflicted no short term chart damage and with the Dollar Index pulling back from resistance (see 12:25 for Dollar chart of resistance) the indices have recovered. A continued posture in the S&P above the 1105 and 1102 levels keeps the door open for a break of the early high/resistance (1109.22/1109.50). Yesterday's 52-wk high is at 1113.69.

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