Western forces pounded Libya's air defenses and patrolled its skies on Sunday, but their day-old intervention hit a serious diplomatic setback as the Arab League chief condemned the "bombardment of civilians".
Libyan leader Muammar Gaddafi vowed to defeat the Western powers' "terrorism" and sent his troops and tanks into the rebel-held coastal city of Misrata, residents said.
In comments carried by Egypt's official state news agency, Moussa also said he was calling for an emergency Arab League meeting. Arab backing for a no-fly zone provided crucial underpinning for the passage of the U.N. Security Council resolution last week that paved the way for the Western intervention, the biggest against an Arab country since the 2003 invasion of Iraq.
with today's advances (above 1293spx), charts turn to positive readings with ES trading Fib now moved to 1312 and 1284
tomorrow will have a pull back, the strength and the level of pull back will be extramely important. If the pull back low only hits 1284 (1280 is also ok), then bears should cover shorts, because next move can esily hit 1312.
Today entire day ES holding 1290, which means we will have another high point in upcoming days.