Last week was potentially big for the bulls, not only in the short-term, but for the big picture as well.
We saw something happen which hasn’t happened since April – a dip was bought! After a nice rally from the July 1st low, a pullback had set in. But given the magnitude of that rally, there was a fair chance a higher low could be established on the dip…and it was.
The bulls now have an excellent opportunity to build on, but the key will be follow through and resolve on their part. They’ve struggled this year, but there’s lots of time left for stocks to recover.
As we head into a brand new week of trading, let’s examine some important levels 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.
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