For the Indices – It’s All About the Close Today

By | April 5, 2017

Today’s the day those down trend resistance lines on the major market index charts are broken, at least that’s the way it looks at the open. The ability to hold above those levels on a closing basis will be key to reversing the recent pullbacks, and re-establishing the primary uptrends. After a strong start today, it would be a very negative sign for the markets to fade and close below those trend lines. Resistance must now become support.

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