Market Diary

SPX Pinned 2011 High.

First Support -1330-1310 Second Support -1250-1240 Third Support -1210 Hopefully S&P will not go beyond that, because of Presidential election year. Expect a Bullish movement from June onwards at least until November.

All indicators and All market experts are saying "Market need a healthy correction" to sustain bullish movement. Probably that's why market is not selling off. Market need to test the "pain threshold"of all the bears before its next move !

SPX is hitting on resistance and shy to move on ! If market break down, 1260 can be the first support and 1220/1210 area will be the next .