After a 20-minute sell off and testing the usual statistical limit, the market took off to the upside without any significant corrections along the way. Admittedly, I like to see those step wise moves in any direction. The current resistance is the March open near 729.50. The monthly open many times will act as resistance or support. If the market can trade beyond this point with good volume, it may become support. Otherwise, it will remain as resistance.
Charles
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