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
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