Last week proved constructive in that not only did the market gain a little ground, but after seeing an opportunity to pick up speed on the downside the dip-buyers emerged once again.
With intermediate-term higher lows in place, the technical setup is favorable at this point for the bulls, but they’ll have to maintain their edge and make it happen. Should they produce even a modest lift, we’ll be looking at new recovery highs with ease.
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.
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Trade Like a Bandit!
Producer of The Bandit Broadcast