Resistance Targe Hit – Now What?

June 29th, 2009

As I mentioned this morning before the open, 927 would be the first line of resistance for the bullz. As you can see from the chart below, that’s exactly where they stopped the rally after the open. Amazing how accurate technical analysis can be if you know how to use it properly. Anything really above this level is going to be an all out battle for position – which translates into more sideways trading.

 

spx27

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