With resistance broken, here’s what’s next
The markets had a terrific follow up to yesterday afternoon’s late rally,
although the going was in question early on. Even though the market opened
strong, they backed off pretty much immediately in the morning, retested
short-term support and held, and then rallied to nominal new highs on both
indices by noon. But at that point they backed off again, but retested
successfully. The rest of the afternoon the market rallied s…
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