The SPX closed above the 2079.11 support level. It closed at 2093.25 with a gain of 26.61 or 1.24%. The SPX near term potential resistance could be the 61.8 Fibonacci retracement level at 2100.07 or the June 11, 2015 close at 2108.86.
SPX
(click on the chart to enlarge)
The NDX also closed up after it went negative during the first hour of trading. It closed at 4560.23 near the April 27, 2015 intraday high of 4562.33. It gained 41.14 or 0.91%. If the rally continues, then the potential resistance could be the 7/22/15 gap at 4643.83.
NDX
The RUT behaved similarly to the NDX. It did not go positive until after the first hour of trading. The low of the day was near the 127% Fibonacci extension, one of the potential support levels. It closed at 1224.60 with a gain of 9.99 or 0.82%. If it can go above the 7/7/15 low at 1225.98, then the next level of potential resistance is the 5/26/15 close at 1238.76, which is also in confluent with a rising trendline.
RUT
Tomorrow, FB is scheduled to report its earnings after the market is closed. The options market is pricing a projected move of +/-7.95 or 8.3%. Using the latest closing price of 95.29, the upper target is 103.24 and the lower target is 87.34.
FB
