S&P 500 hesitates at major resistance
November 12, 2013 at 12:30 PM EST
The S&P 500 Index continues to balk at significant resistance. The specific level rests at its all-time high of 1,775, and the S&P’s response to this area should set the near-term technical tone. Based on today’s backdrop, a guarded near-term view remains warranted.