The market threw a surprise today leaving many bears stopped out and mad! .. The volume picked up a bit after Alcoa reported results. Tonight Intel reported yet another stellar quarter, best in a decade, which could push us higher over a few resistance. Just what the doctors ordered for the bulls. Notice SPX upward resistance level 1100 is back in play. SMA(50) is where the market is resting at close today. Anything above would officially break the bear market. Be cautious
No comments:
Post a Comment