By John Pisanchik

Today is day 3 of the rally off of Monday’s lows. Today is significant in that it went through the resistance of 1000 on the S&P Cash Index, and held it’s gains to close at 1007.37 . The high made on August 7 was 1018.00 and the market is primed to test that high, possibly on Friday. If it breaks through that level we could see another run up as shorts cover. Happy Trading.



Filed under: Market Opinions

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