Positive Session For The Indices
Posted on June 26, 2012 at 18:53 PM EDT
The stock market indices had a positive session, although they started out with a gap up, ran up to resistance, came down hard, and held support. They then rallied in a 5-wave advance into key overhead resistance at the 2555-6 area on the Nasdaq 100, and the 1322-24 zone on the S&P 500. They tried to get through three times in the afternoon, but couldn’t do so, rolled over in the last 10 minutes, and backed off the gains for the day. Still, they ended positive on the session. [More...]
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