By John Pisanchik

The market opened today on a weak note and by 11:10 AM set the range for the day. The band of resistance I have been talking about is in full force at this point. Unless we get through the 935 level on the upside and hold it on any test, the market is likely to just chop around here and could possibly head lower. The 900 level would be an important support point, but if weakness does prevail, we could even trade to the 885 level. Be prepared for some choppy trading over the next few days.


Filed under: Market Opinions

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