![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSVZsgci2960yBODHcK3h8atMzvRkBCHYVUCG0Wy9HCI11J9IRsCKhFxtcZzbmS9goYEZOUNNWz0faayJrVnQsc-mdHR8riXCLmIHsQyElGZmAl2dkarjtxX3xVq7JjuFYKQhOG_nTKBg/s320/SPX.gif)
Chart 1: Market Profile of the Cash S&P from January through October 2004. After rallying for most of 2003, the market entered a period of rotation and came into balance around 1125.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRmC8sY4XSKvFtO7-0ZLu8uEUGjzDuu9l1c6jR8dF4OdOvl_YAu25hqDn_4_dE0meBp_Or55h-zNL511Pj_zTz94hAKCZxFD2MZtqttnu3OBV_2pwWVt3ogHG3rMmSaR6wbjJXydBjkkY/s320/SPX1.gif)
Chart 2: Weekly Cash S&P. The red box highlights the 2004 10-month balance. Will this prior Value Area provide some support?
SRS
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