Macro-technical-analysts? How important is 1150?
Before everything broke down and the whole world fell apart on Thursday, several analysts were talking about key points of support and resistance for the S&P, and the marker that was most mentioned is 1150. I don't think it's a coincidence that the market found this key point of resistance/support today. How important do you think it is that the market finishes above this marker in order for the rally to continue?
Personally, I think it's very important.