Here Are the Important Levels Stocks Need to Hit This Week

Last week, I shared a really big chart with everyone; it had lots of "stuff" on it that told the story of the past few months as we transitioned from smooth, unambiguously bullish action to the violent rallies and sell-offs - volatility - that defined the end of 2018. Today, we'll look at just very recent trading, so we can see that the two main support and resistance levels are still in play in stocks. We're not strolling down memory lane; a lot of unprepared investors are going to live or die by these levels, and folks "in the know," like us, will determine their moneymaking posture using these numbers. In fact, I'll go one better: I'll add two levels - one short-term support level, and the longer-term resistance level that will come into play when 2,600 is finally broken one way or another. With that, let's look at where the market "needs" to be - and where I think it might end up... Tags: trading strategies To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2019 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Here Are the Important Levels Stocks Need to Hit This Week appeared first on Money Morning - We Make Investing Profitable .