In the last 2 weeks, we’ve seen the market go 2 different directions – and yet nowhere at all.
Two weeks ago, a solid breakdown appeared to be underway as short-term support zones were undercut and volume increased as the selling pressure intensified. However, since then we’ve seen a quick recovery right back up, making it a round-trip effort as the indexes returned to former resistance areas. That’s of course where the fun will begin this week, making for some pretty interesting conditions.
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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