By John Pisanchik

Well, Happy Friday the 13th. This week ended with the 1100 level of the S&P Cash Index holding firm and not allowing for upward progress. Some of the momentum indicators are still pointing up, however, the 1100 level will need to be broken to the upside soon. If not, the market could start to break down a bit and be at risk for some move to the downside. My view is the market is losing some steam here and could move lower before it moves higher. It would not be unusual for the market to correct after it’s move from the last few months. Happy trading.



Filed under: Market Opinions

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