Market Looks Choppy Heading Into This Week
October 20th, 2008 by 
CA Editors
Sulaman Chaudhry and Andy Cole send: Just a real quick technical analysis of a few indices for the upcoming trading week:
S&P 500
Resistance: 1011
Pivot: 960
Support: 900
Financial ETF (XLF)
Resistance: $17.05
Pivot: $15.05
Support: $13.1
Oil’s been a shocking trade as of late. Anyone that buys gas would have noticed. Support around the $59 area dollars looks interesting for a bounce. OPEC is calling emergency meetings to discuss global oil prices as well. If you have a high risk tolerance, there may be a trade here.
And that’s about it. Expect more choppy sessions into this next week. Good luck.
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