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Posted on October 17th, 2008 at 2:12 PM

Well the week ends with the 960 level on the S&P 500 ($SPX) clinging to our 960 levels like a dog with a bone. We might pull the bone away for a bit but it grabs right back on. The below chart shows a 60 minute chart of of the $SPX with the 960 level denoted by the middle of the weekly MOB (right where the blue and pink meet). This level is obviously important as the market keeps battling with it.

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$SPX 960 what a level

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