Wow, here we are back at 1080 — lets see if it holds . . .
My prior best guess at how this played out was a break of 1080, a rally back to the prior range, and then a drop toward 1038 or so.
I was surprised how far that oversold snap back went over 2 days, but we are right back to highly watched key levels again.
Watch 1085 on SPX (January 28th, 2010)
Broken Support; Next Stop 1038 (January 29th, 2010)
Key Break Playbook (February 1st, 2010)