S&P 500 Analysis 12/11/09

The market gapped up above the midpoint of the range which has contained this market for the last 4 weeks and is also holding above the 5, 10 & 20 DMA’s which are all packed tightly together. A move above 111.10 will likely bring about another test of the 111.80 level, while a move below 110.25 will put the 109 level back into focus, and that’s all I have to say about that…