Held out really well today and above resistance at 11.50. Good...

Held out really well today and above resistance at 11.50. Good volume too, some people are trying to keep the sp up.

But it definately is in a big fight right now. Like i said before we need some solid green to assist the bulls, its really trying to head lower.

Waiting to see how things pan out - if the xmas rally fades out could be the case we will see $11 very soon.

Problem is that it reached its highs last month - testing them a number of times and failing. I think the sp wants to drop back down and take a breather before making another concerted push back up again. It will take some commitment to get the sp above $12.40