11 November 2011

SP 500 and NDX Futures Daily Charts - Chart Formations and VIX



There was intraday commentary on the SP 500 chart that shows some important chart formations and levels of support and resistance.

The market rallied today on relief that Italy's bond prices relented somewhat, and consumer confidence came in 'better than expected.'

Volumes were light and the bond market and banks were closed for Veteran's Day.

Keep an eye on the European situation, as it will continue to drive the markets.