By John Pisanchik
Today was a disappointment. The market did rally but met resistance at 1119 level in the S&P Cash index, and was unable to make new highs from the current range. This could also be viewed as the 3rd top at these levels. Makes for a very cautious market. This intraday reversal may cause the overnights in Asia and Europe to sell into this on Sunday night. In any case, we are still in a range and will now probably test the 1100 level to the downside. Happy Trading.



Filed under: Market Opinions

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