The Market Looks Rested and Ready

After a nice rally late last week, the markets took a well-deserved rest on Monday. But it looks like just a hesitation before moving higher. After last Monday's big drop, the markets had become very oversold, and the Arms Index and the volatility index (VIX) were calling for a rally. 

Now we are up against a logical level of resistance, as can be seen on the first chart, below, it being the highs of two weeks ago. Note on this chart that the relative strength index (RSI) across the top of the chart has gone from oversold to neutral. The MACD across the bottom of the chart has also moved to a more neutral position....313 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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