1810 remains a strong resistance as S&P 500 managed to break above 1810 but failed to go higher or stay above & dropped more at the end of the day
However, it showed some strength by not dropping below 1807 & going higher to close @ 1808.37, even after the Fed said that they might start tapering soon
The Fed might start a small taper soon but could also pause it later
Fed's Bullard: "A
small taper might recognize labor market improvement while still
providing the Committee the opportunity to carefully monitor inflation
during the first half of 2014. Should inflation not return toward
target, the Committee could pause tapering at subsequent meetings"
Fed's Fisher wants December taper, saying "It is time to taper" & that they should start tapering next week
S&P 500 new resistance @ 1811.2, new support @ 1807, both might change tomorrow as they're not quite significant
Watch S&P 500 @ 1810 again to see if it can break & stay above tomorrow
Look to buy S&P 500 @ 1810 if it stays above & go higher, sell if it fails & drops further, for less than 30 minutes expiration
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