A Critical Juncture for the Market
The market’s getting close to a critical juncture here with the late-February gap zone now getting tested and the 52-week highs in the major indexes not far overhead.
Will this be the week that things get moving in a quicker fashion? Will the rising wedge patterns be confirmed or negated? Can the indexes reclaim new recovery highs since the bear market ended in 2002, or will the bulls have to wait a little longer?
With earnings season really getting underway this week, it should be interesting to say the least! The technical situation is shaping up for a pretty good battle here, and it might happen sooner than later. Check out this week’s Market View page over at TheStockBandit.com for a rundown of the indexes as they currently stand.
Trade well this week!
Jeff White
President, The Stock Bandit, Inc.
Swing Trading & Day Trading Service
www.TheStockBandit.com
Technorati Tags: Stock Market, Day Trading, Stock Trading, Investing, Swing Trading
About the Author: Jeff White is the founder of www.TheStockBandit.com, a nightly newsletter for active traders. He has been trading his own account for over a decade and currently trades full time in Texas.
