Sunday, February 9, 2014

Indices Are Up Against Stiff Resistance

The rally last week was impressive.  Indices are coming up against stiff resistance.  It's critical that indices easily cut through immediate resistance and push upward to set new highs soon.

For SPX, 1800 to 1810 region presents triple resistance.  After tagging 1810, very likely tomorrow, chances are good that SPX would get pushed down to back test 1800.  My plan to do my 3rd buy of RTS stocks as SPX back test 1800, possibly later in the week.

Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.