What a move in these closing minutes... all the way back up to resistance, once support near 1120! 35 S&P points in the last 45 minutes? That's a 3% move! Nice work PPT.
EDIT - we went through 1120, now at 1123... wow.
EDIT 4:08 PM - ok it appears a rumor the 18,275th European rescue plan was the cause.
....following a report that EU finance ministers are examining possible ways to recapitalize banks