Good morning, folks!
S&Ps and Nasdaqs gapped higher this morning. And S&Ps have now made
marginal new highs. But it will take a close above 1195 for me to change my
trend analysis. Be careful of any movement below 1193-1195, as it may
signal a potential failed rally. The Nasdaq charts are not as constructive
as the S&Ps, as they have huge overhead resistance at 1775, as well as at
the test of the recent highs at 1731.
Charts attached. Stay safe out there.
Best,
Tim Morge
www.medianline.com/
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