By John Pisanchik

The market drifted higher this week but was confined to its trading range. Friday say a high of 1048.18, and closed at 1042.73. The week lacked follow through and conviction. There is a good amount of resistance at the 1050 level of the S&P Cash Index. The expectation for this week is that the market should stay within it’s trading range of 1050 and 1000, which also means that there will be little excitement this week. Happy trading.



Filed under: Market Opinions

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