The S&P Index had a good start in 2012 but the bulls should take care as the price is currently moving inside a broad resistance zone (1,265-1,294).
This does not exclude the possibility of a break above the $1,294 but precaution is advised, as this resistance zone is strong both from Elliott Wave count theory (the October-present rise is developing as a complex correction) and previous lows and highs of 2011.
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