Charting the second approach of Dow 16,000
November 19, 2013 at 12:44 PM EST
The major U.S. benchmarks continue to challenge round-number resistance. The specific levels hold at Dow 16,000, Nasdaq 4,000 and the S&P 1,800 mark, as detailed last week. To this point, selling pressure remains muted, and the longer-term technical trends points firmly higher.