Here We Are Once Again

The SP500 is at the 1115 level once again. From the 15 minutes intraday chart, one can see how strong the 1115 resistance is throughout the session. The index was unable to stay above the 1115 level until near the close.

SP500 15 minutes chart:



If it is unable to hold above the 1115 resistance level and unable to move toward the 1130 level, then it will most likely retrace back down to test the 1085 support level. If a strong move above the 1120 level occurs tomorrow, then that can be the clarity from the market we've been waiting for. Stay tune!

SP500 daily chart: