Today the S&P 500 opened at 1083.50, giving a gap of 8 points from Friday's close at 1075.50. Over the 3 day weekend, the market shot up quite a bit and throughout the day continued to do so. After a bit of short term consolidation around the 1087-1088 mark, the S&P 500 was able break though some resistance and continue it's mark up. The market closed today at 1092.50 with a range of 14.25. The low for the day was 1079.50, which was early on during the trading hours. The gap was never filled in today's trading session, leaving an open gap at 1075.50. The high for the day was 1094, the highest we have seen the S&P 500 since February 4th. Look for resistance again at the magical number 1100. It will take some significant news to break through and sustain this up move.
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