S&P 500 Chart - The following is Technical Analysis of the S&P 500 ( IXIC ) for 7/1/09S&P 500 INDEX ( INX ) Support & Resistance Levels - July 1, 2009
Resistance Levels: 930, 950
Support Levels: 913, 900, 889, 880
http://stockcharts.com/ - Chart
The S&P 500 is back above all three major moving averages that I follow but could be forming a head and shoulders pattern. The right shoulder would be around 930 from early May, the head forming at the 956.23 high, and the left shoulder appears to be forming. Keep an eye on 880, if the S&P 500 closes below this level, you could have many traders and investors heading to the exit at once. Ther is solid support at 840 down to 820 if this happens. For More Technical Analysis - Go Here
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