By John Pisanchik

The market continued it’s rally through the important 1125 resistance level and quickly moved higher. Today’s move invalidated any forecast to the downside in the near term. The rally will probably continue to the top of the range, around the 1150 level in the S&P Cash Index. At that point, we will need to see, by market action, it we have just defined a trading range or not. Have a great weekend and…… Happy Trading.

Filed under: Market Opinions

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