The bulls maintained their overall control last week, although they did allow the market to slip a little. The NAZ led the downside, but no key technical breaches occurred.
We haven’t seen a meaningful pullback in some time now, but if short-term support levels get broken, it could deliver some accelerated profit-taking. Lower highs and lower lows would have to develop before the longer-term uptrends  would be disturbed, so even if we do see some downside it will be important to keep things in perspective.
As we head into a brand new week of trading, let’s examine some important levels in the indexes to keep an eye on in the days ahead. That will have the greatest influence on how individual stocks are going to move, so it’s where the trading week begins.
This clip was also posted over on the Trading Videos  site (as always), and perhaps you’ve seen it there – but in case you didn’t, I wanted to put it here on the blog for you.
Let me highly suggest clicking the “HD” on the video player and then going full-screen for best quality.
Thanks for stopping by and I’ll see you here soon with more.
Until then… Trade Like a Bandit!
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