S&P 500 Day Trading Feb 25, 2010 Support and Resistance

Today, the S&P 500 opened 1096.75, leaving a 3.25 point gap from yesterday's close. The market quickly made a move up past 1100, but then even faster than it rose, dipped down to the day's low of 1093.75 after news of new home sales, filling the gap from yesterday. We then saw a quick climb back mid-morning up to 1105, with help from a bit more news and eventually hitting the high for the day at 1105.50. The range for the day was 11.75. The market closed at 1103.50.

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