$MA chart and setup for 4/9/2012

same setup as last week. you got a good trade if you entered it earlier in week. retest of the old resistence becomes support line near 430ish was the trigger to enter or add credit put spreads using the lowfrom march to shoot against..also lines up with the 50day moving average...same levels for this week. initial alert at 430, might hit on monday with jobs number . earnings are 2 may so will not enter May spread until after that number unless something unusual happens like a selloff all the way down to the 50day.