The indexes ripped higher last week after a 7-session streak of declines, trapping overly aggressive bears with some huge opening gaps to the upside.'' And given the size of the advance, an intermediate-term higher low may have been established in the process.
As we head into a brand new week of trading, let’s examine some important levels to keep an eye on in the days ahead. That will have the greatest influence on how individual stocks are going to move, so it’s where the trading week begins.
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Trade Like a Bandit!
Jeff White