Thursday, July 24, 2008

Resistance Levels



The SP 500 Index closed above the July open, which is positive; however, it is stalling at July's high.



We have had two days of uptrend on the 2-day Rate of Change indicator for the ES Futures, so look for resistance to the upside, especially on tests of yesterday's pivot highs.




The 30 minute $TICK momentum is turning negative.

Charles

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