Resistance Dead Ahead

That may be too much too soon, but it certainly confirms that we saw an important turn last week. From the low on Friday to the high on Wednesday, the Dow Industrials gained more than 500 points.

Looking at the first chart, below, the S&P 500, we are just about at the May highs and entering the consolidation region of July. That suggests we should run into resistance near current levels. Moreover, if it is to develop into the head-and-shoulders top I have postulated, the right shoulder should start to develop in this region....324 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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