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S&P 500 Breakout?

Submitted by Free Investing on Fri, 03/12/2010 - 03:53

Hickey and Walters (Bespoke) submit:
The S&P 500 made a new bull market closing high yesterday. Sure, it was by 0.01 points (1,150.24 vs. 1,150.23), but it's still a new high! We'll obviously need to see some follow-through over the next couple of days to confirm the breakout, and if we get it, then the next level of significant resistance is right around 1,200.The pre-Lehman S&P 500 level that many are looking for is 1,250, which is a gain of 8.70% from here. (click to enlarge)Complete Story »