Last week the senior indexes put in some much-needed rest with the news flow prompting a bit of a pause in the action. Big-name earnings reports, the State of the Union address, and an FOMC meeting all left traders unwilling to press the upside for the most part, allowing the market the opportunity for some healthy basing.
In preparation for the trading week ahead, let’s examine some important levels to keep an eye on for the indexes. That will have the greatest influence on how individual stocks are going to move, so it’s part of our Sunday process.
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Trade Like a Bandit!
Producer of The Bandit Broadcast