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With the indexes still bound by trading ranges of the past few weeks, one has to wonder if the bulls are getting a little bit tired. They’ve no doubt proven their mettle since March - without fail - but the lack of follow through last week after breakout attempts raises the question…and for good reason.
No technical damage has been done, and in fact it’s impressive that this market is still tagging new highs after a 9-month rally. However, it is a time where caution is warranted and abbreviated trading timeframes are prudent, at least until the range gets broken on a closing basis.
Here in Episode 110, we’ll examine the NAZ, S&P 500, and DJIA and discuss some important levels to monitor going forward. Hope you find it helpful!
(Be sure to click the full-screen option for best viewing.)
Hope you enjoy the show! Thanks for watching and subscribing, and feel free to post your ideas and comments down below.
Trade like a Bandit!
Jeff White
President, TheStockBandit, Inc.
www.TheStockBandit.com (Premium service)
www.TheStockBandit.net (Trading Blog)
