Beware Of The Obvious

Looking at the latest SP500 daily price chart and the level near 1250 stick out as a potential support. Many market participants will be looking for a bounce when it gets near the 1250, but beware of the obvious. The market rarely do what the masses expect it to do. Click on the following chart for the SP500 and see where it might find support if it fails to bounce when it reaches 1250.