For an abbreviated trading week, last week’s market action held nothing back. It was the opening and closing weakness which made the net difference, but there was plenty of action in between.
Friday’s selloff took the major averages to key support zones which will be the focal point heading into Monday’s session. If those areas are able to hold, then the bulls might gain some needed confidence. If not, all bets are off for this market which has shown a persistently negative reaction to any bounces.
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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