Technical Levels

Tuesday, March 11, 2008

Here are some levels to watch to the upside

The S&P 500's hourly chart details the past three weeks.
With Monday's losses, the index extended lower, notching its worst close since August 2006.
Recent weakness follows a failed test of the 50-day moving average.
From Monday's close of 1,273, the first notable resistance holds at 1,310, while modest support rests at the January low of 1,270. Monday's low came in just two points above that level.