There was enough positive energy behind the SPX to see it push above resistance at 2100 this
week. SPX Daily
That it did not plainly suggests there is still overhead resistance in the 2100 area that the market
must plow through to move higher. So, if you are on board on the long side, you will have to wait
it out for a while longer and keep in mind this week's fail will get at least a few traders to explore
dumping some shares for the short run.
No comments:
Post a Comment