The indexes broke major support zones last week to mark new 52-week lows, but by week’s end, it proved to be a bear trap. Turnaround Tuesday provided a tremendous lift into Friday morning, leaving the lows way back in the market’s rearview mirror, at least for now.
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.
Be sure to view in HD (720P) and full-screen mode for best quality in the video.
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast [1]
Follow TheStockBandit on Twitter [2] or get our free newsletter [3] to keep up!