S&P 500 closes in on its life high, levels to watch

theflyonthewall.com

The index was last at 1566.58, just off the highs of the session. The only remaining resistance for the index is at its life high at 1576.09. Being that that is less than a percent from current levels, it seems unlikely the bulls will not push for a test at least of old highs. Whether that is today or after the holiday remains to be seen. The relative calm in Cyprus has given markets a boost of confidence despite mixed data earlier in the session. Support is at 1562.85, the prior session close.

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