1130

I mentioned on the "tweet board" earlier today that the 1130 level is an area of the S&P I am watching very closely. As you can see from the chart, three points in time, including today, provide us with a solid resistance point in the marketplace. A breakout above this level argues for a swift move in the S&P 500 towards the 1170 level which happens to be the Head Shoulders projected level off the daily chart.