By John Pisanchik

Today the market had a good rally which got us past the 885 level and throughout the 900 level to close at 901.05 on the S&P Cash Index. The 900 level is a strong resistance level and since the close was at 901, I consider that the market is right on the resistance level. If this is the real deal to the upside, tomorrow we need to see the market keep moving. There is still important resistance at the 910 level also.  The next day or 2 will let us know if the market is strong enough to keep going. Happy Trading.

Filed under: Market Opinions

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