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Following an initial bounce from the February lows, the indexes continued their upside movement last week with 4 more days of gains. In the process, some former key levels were reclaimed, which the bulls are quick to point to.
However, trust is an issue for the market at this point, as the rebound has had a major lack of upside volume to help support it from a technical standpoint. That may be setting up a pretty good battle in the days ahead, so we should have our hands full this week.
Here in Episode 119, we’ll examine the NAZ, S&P 500, and DJIA and discuss some important levels to monitor going forward. Hope you find it helpful!
(Be sure to click the full-screen option for best viewing.)
Hope you enjoy the show! Thanks for watching and subscribing, and feel free to post your ideas and comments down below.
Trade like a Bandit!
Jeff White
President, TheStockBandit, Inc.
www.TheStockBandit.com (Premium service)
www.TheStockBandit.net (Trading Blog)
