Friday's trading opened at 1113.75, up 5.75 points through the overnight session. Prices quickly moved to a high of 1119.00 where they were met with resistance and turned. Prices then traded down 23.75 points to a low of 1095.25, once again piercing the resistance but not carrying through. Friday's trading closed at 1105.25, down 2.75 points from Thursday's close.
Watching for Monday's trading to test the 1100 level before deciding where to go. If trading moves to the low side and breaks down we could be looking at a test to 1092.25 then 1085.50 and an extreme low of 1076.50. If prices break to the upside we will be looking at another move into the 1116.00 level where we will have to break through resistance before moving on from there.
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