There is Always

another level of potential resistance when the market experiences a counter trend rally. That level appears to be the close from last Thursday (near 3050). A pullback towards 30.00 (near the 5DMA) would be ideal, but not necessary, for a new level to launch higher from. Be careful not to let your guard down, protect gains.


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  • Brian Shannon

    Brian Shannon is a full time trader (with 17 years of experience), educator and author of the highly regarded book Technical Analysis Using Multiple... More »

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