The SPX found resistance today at the 38.2% fib level after blasting through the 23.6% level on Tuesday. Tomorrows jobs data will likely create some good movement... we just don't know the direction. Target on the upside might be the 100MA at 1392 and the downside target for support might be around 1340.
SPX Daily Chart:
Thursday, April 3, 2008
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