Market up 1% for the week after seeing some initial weakness. We have bounced right back into a resistance zone. We need to clear that 50dma till then the market will trade a bit choppy. Had a great week here. Had one of my favorite bootcamp students Chris Zielinksi here for the week to …
Market closed up about 1% for the week. After some real weakness and a strong breakdown from the 50dma we have had a bounce right back into resistance. That is our line in the sand the market will be in a bit of a standstill till we get over that level. [screencast url=”http://screencast.com/t/uw9cFaCowLdp” …
Slight pullback in the Market as 20 and 50 MA on S&P-500 still acting as resistance. Bull case, we consolidate under those moving averages and eventually break out. Bear case ,S&P-500 building a Bear flag under both moving averages and getting ready to break down. So we are still in no mans land until a …