Off the Charts
After the market rallied on positive news out of the E.U. summit, it digested Friday's strength. The S&P 500 and Nasdaq both closed positive while the Dow closed slightly negative.
Today's action was constructive for higher prices. After a weaker-than-expected ISM index number at 10 a.m. EDT, the market had a quick pull-in, then held a higher level of support. In the short term, the market is overbought, and the S&P could pause as it runs into resistance on the downtrend line in place....1029 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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