S&P 500 Closes Bellow 1.040 For The First Time Since September 2009
Technicians have drawn the S&P 500 line in the sand at 1.040 points. Every investor noways considers that a critical technical level. It got broken a few times intra-day, but now we have first closing bellow.
The next resistance is at 880, if we get three consecutive closings bellow 1.040 that would be my next target.
Chart 1. S&P 500
Source: StockCharts.com