Off the Charts
Stocks rebounded into the close today after finding a higher level of support. There was not too much excitement in the market today as it absorbs yesterday's reversal.
There is a lower level building the S&P as it ranges between 1291 and 1328. How will this resolve? Right now the market is not rewarding those that buy strength as the the market is not strong enough to power through that upper level of resistance. Digestion in the market is important, so it can sustain higher prices going forward. There has been some big travel ranges in the market recently and with range expansion comes range contraction....532 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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