S&P 500 opened flat and quickly tested the Pivot Point for some support. Then price moved straight to just below the R2 line and camped there for the rest of the day. Volume was very low.
-

Bernie Madoff was sentenced to 150 years in prison. Energy Sector was strong on higher oil prices

The day started with a quick sell off of yesterday’s FOMC rally followed by surprisingly strong consolidation action in the 780-790 range and ending in a strongly fought battle to take down the 780 support level that ultimately was unsuccessful. The CBOE Volatility Index (VIX) surged 9.0% ahead of the triple witching Friday. Volume was [...]