Croke Report S&P 500 Levels for June 3, 2009
The vulnerability I revealed yesterday still exists in the S&P 500 again today, in which we are technically divergent up here at these levels, and so I am still looking for a sell-off and the index to get back under 929.50. Once under there it
may act as resistance then. The daily support level is at 911.50. The interesting level to watch however is the SPC cash 200 day M.A., which is at 925.14, which translates to the June Futures at 924.00. This level could be a good directional, where it may act as support, or if through we could see a sell off then. On the flip-side, if we stay with the trend, we should re-buystalk at a new high today, or
above 950.00.

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