Tuesday November 6, 2012

Election Day and the market was up strong with the S & P finishing at 1428, up 11.  It finished however below the technical resistance level of 1130 after trading above it for some of the day.  Futures as of 10:32pm EST point to a decline tomorrow.  Market needs to close above 1430 to break bearish pattern otherwise we will probably test 1400 shortly.