By John Pisanchik

Today the market stayed in a narrow range with weakness coming in later in the day. The 885 resistance level held in the S&P Cash Index, so you can look at today as a continuation of the test. The Momentum is pointing down and it is a matter of time before the market starts to break to the downside. I am still looking for a short term objective of 845 – 850.  Happy Trading

Filed under: Market Opinions

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