Indices Holding at Trend Line Support

By | May 1, 2015

The DJIA, the S&P 500 index, and the NASDAQ Composite are testing rising trend line support drawn off their February and April lows, and the Russell 200 index is holding near long term resistance-turned-support in the 1215 area. A bounce today would help to alter the complexion of yesterday’s closing bearish engulfing candles on the weekly charts.

5501.Indexcharts

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