The US dollar still seems to be directing the markets this morning.
The support level for the DOW is 12,427. If this level isn't supported, then the next level is 12,276.31. The key overhead resistance is 12,750.
The support level for the SPX is 1285. If this level is violated, the next support level is 1266.09. The key overhead resistance is 1312.
GOLD must support 1634.30. Its key overhead resistance this morning is 1678.63.
The US dollar still remains above 78.71 this morning. Its key overhead resistance level is 91.51. This market appears to be the focus for the day.
Pece, Josie Kelly
Wednesday, January 18, 2012
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