Off the Charts
There was a lot of back-and-forth action in the market today as summer trading continues. All major indices closed the day slightly negative.
The market had a nice start to July as the S&P 500 extended higher after positive results from the E.U. summit. The S&P ran a little too far, too fast as it hit high levels of overbought territory on the trading oscillator and ran straight into prior levels of resistance. After a weak jobs report on Friday in the premarket and bad data over the weekend, the oscillator is back to a more neutral reading. The question now is, will the market continue lower or will a higher level of support hold? ...778 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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