Way of the SPX 500 Update 110909

The Index opened with a 3.01 Gap Up and then took out the resistance level at 1073.86 . Now with the intraday high of 1086.07 the "zone" defined by levels 1084.37 - 1084.8 - 1085.96 has been crossed. Now we have to wait and see if it was the River Jordan or the River Styx.

The blue line is the present trace of the RIP. If it is the River Jordan then the red line shows the path to the next resistance at 1093.44 .