Hello MarketClub members everywhere, it's Friday and the market action this week reflected what I said in last Friday’s post titled, This Rally Will Come To An End Very Soon.
The major indices continue to be in “thin air” as the choppy market action I predicted last week continued this week. I would not be surprised to see further choppy action this coming week as the fight between the bulls and the bears continue.
Here are the major resistance points on a close-only basis that I see each for each of the major indices.
The two arguments, of course, are: Continue reading "No Surprises With This Week's Choppy Action"