Friday, February 17, 2012
S&P reaching to a resistance level
S&P raises 3 points today and it is reaching a resistance level. 1370 is the next resistance level. Next Monday, both US and Canada will have a day off, next week will be an important week to examine whether S&P can pass through the resistance level. However, my view is that it will not pass through the resistance level and I might take some profit off in some US securities next week.