Simon Maierhofer, On Monday April 25, 2011, 12:29 pm
This should be interesting. The VIX is at a 34-month low and stocks have been rising on anemically low volume, but the S&P is within points of breaking above the technically important neckline of an inverse head and shoulders bottom formation.
Of more immediate importance is the S&P's resistance at 1,339, which has rebuffed the S&P 500 on seven different trading days. And as if there wasn't enough intrigue to the current constellation, the S&P has an open chart gap right below 1,343.
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