By John Pisanchik

The market opened the week with a nice run up which took the S&P Cash Index to 1003.61. The market may take a small breather at these levels, but the market should move higher once it digests the 1000 level. As I mentioned the other day, there is a band of resistance in the 1010 to 1050 range. We will most likely get into that range near term, but be prepared for some choppiness. Overall market momentum indicators are pointing up at this point. Happy Trading.

Filed under: Market Opinions

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