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Tuesday
Jul092013

S&P 500 Resistance Levels

In its quest to regain its 2013 mojo, the S&P 500 has broken back above its 50-day moving average as well as the 1,635 resistance level.  The index now has two more resistance levels to take out before the May 22nd-June 24th pullback can officially be declared dead.  The first level is at 1,654, which is just a point or so above where the index is currently trading.  The second level is at 1,687, which is the index's all-time intraday high.  These are the two levels to watch over the next few days.