What's Ahead for This Run
The anticipated rally seems to have further to go. The very oversold condition in the shorter-term moving averages of the Arms Index at the close on Monday was suggesting a rally was imminent. It now appears to be started but not over.
Looking at the first chart, below, the next logical resistance to the advance looks like the 1358 region, which has reappeared a number of times recently. It represented support in April and then resistance last week....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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