Stuck in a Range
A week ago, on the basis of the news from Spain, the market was supposed to fall apart. Instead, it rallied strongly. Yesterday the market was supposed to power higher on the basis of the Greek election; it didn't. So much for letting the news tell us where prices are going.
The fact is that the averages are stuck within a range. In terms of the S&P 500, shown below, the resistance is up around 1358, and the support is around 1295, with a lower level to also watch at 1265....347 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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