A beautiful day for the market, the S&P opened above yesterday's close and rallied 30+ points on average volume, breaking 1st resistance level at 1040 and then 1050 to close at 1060, setting the stage for a continuation of this rally for the next couple of days.The 50 day moving average is at 1100, which is the next logical resistance level, support is now at 1050
Keep an eye on the markets reaction on tomorrow's Jobless Claims news.
No comments:
Post a Comment