Last week proved pivotal as potential higher lows were established for the major indexes. Tests of key support brought out the bulls, who seized an opportunity to make their mark.
We’re now right back to resistance zones after a big 3-day run, and that could spell some short-term rest (if the bulls are lucky). Once they take a breather, however, the buyers just might floor it again with their sights set on the August highs.
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 [1] 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 suggest going full-screen for best quality in the video.
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast [2]
Are you following me on Twitter [3] yet?