http://www.cnbc.com/id/44285944
Stocks gained in choppy session Friday after Bernanke said the Fed remains ready to use additional tools to help the economic recovery, but stopped short of explicit talk of another round of monetary easing.
from Chartprofit pre-open today
>>ST analysis is once again lining up negatively with the LT analysis. Time below the 30dy poc at 1134 would suggest further weakness.
First Level Support = 1134 (30dy poc) (SPY = 114.25) <<
Volatile today and ST analysis. Initial response to Bernanke speech was a sell off down to the First Level Support at 1134. ES spent one minute below that level and Buyers Responded. ES currently 1175. If ES closes above 1155 there will be Responsive Buying marked on today’s profile.