Web Statistics Up At Resistance

Monday, 16 September 2013

Up At Resistance

Up At Resistance

As you can see on the S&P close today. We went up and touched the highs back in AUGUST and that offered pretty heavy resistance. Now we are in a make or break area. It just goes to show this market is still resilient, and we did warn our readers not to fall in love with the downside yet.

All Eyes will be on the FED announcement towards the end of this week, where they will decide on if the economy is strong enough to start tapering off. Even if they do start to taper, I doubt it will be significant enough to scare the market, but time will tell.

spx chart
spx chart




WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE!



Powered by 123ContactForm | Report abuse

No comments:

Post a comment