S&P 500 approaches 1520 yet again, levels to watch


As we head toward the final hour of trading, in very thing volume, the bulls have taken the upper hand once again. The index is knocking at the 1520 area, despite the lack of participation of some big names, such as Apple (AAPL). The coming and going of sequester talks barely ruffled a feather, with macro economic data trumping concerns of big spending cuts. 1520 remains resistance, and 1514.94 is support for now, with 1509.39 below as a second layer of support within a narrow range. As to sectors. only the Industrials are in the red at time of writing. The Financials, Health Care, and Consumer Staples are the relative leaders on the upside in lackluster trading.

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