redbacka's - what does that tell us - thursday, page-32

For those who use CMC markets, there is a support resistance line I watch.

CMC has the weird thing about ending and starting each week at 10am Thursday Sydney time.

So this line only applies to CMC weekly charts for SPX.

Back to 2007 this line at a weekly close of 1405/6 seems very significant.

We closed at it again today.

Can we break it. On a weekly close only matters, not between.