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A 4-session trading week was no less exciting last week as each of the major averages saw significant technical changes occur. What started out as a positive week with strong action on Tuesday quickly evolved into the shattering of many stocks, with 5% index declines putting an end to the near term uptrends so many individual names have enjoyed.
The action is heating up out there, and it’s going to be a lively next several weeks of trading with opportunities on both sides of the tape.
Here in Episode 116, 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)
