The NASDAQ 100 Index has rallied quite nicely after bouncing off key support early last week. However, price has run into key resistance, which could shift the power over to the bears en route to another round of selling pressure. Here's why.....
Terex Corporation ($TEX) is testing two-year highs and has run into a major confluence of resistance, which could lead to weakness ahead. Take a look.....
The S&P 500 Index has pushed higher from the 1,175 support level, but is beginning to show signs of resistance at 1,226. I have a few thoughts on what is likely to play out in this index in the days ahead......
The mini Dow futures contract (YMZ0) has trended steadily higher over the last two months, covering about 1,300 points during this period of time. However, the index is now testing the high for the year at 11,200, which could become a major decision point for the index....
The Dow Jones Industrial Average ($DJI) has been extremely bullish over the last two months of trading, rallying 1,200 points during this time. While the index is sitting below short term resistance, price may need to test the year's high at 11,258 before another significant move is seen....
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