Hovering at a Precipice

The apparent slowing of the advance, commented upon last Thursday, is becoming more apparent. Again on Monday, the S&P 500 traded in a narrow trading range, with the high about where it had been in the prior sessions. It looks as though supply has been showing up at about the 1636 level. But until there is some sign of weakness from that level, it is only hypothetical.

Because the markets are trading at all-time high levels, there are no historical numbers to look at, and we have to observe the trading to try to see where the advance is likely to turn back....343 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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