If the market can make it back up above the resistance at 30.10, the next levels to watch for on the upside are; 30.45 (daily R2), 30.70 (61.8% retracement of the election high to low) and above that, the declining 50 DMA is found near 31.15.
Signup To Get Free Friday Swing Trade Stock Market Analysis and 2 Free Swing Trading Guides
Get the Friday Stock Market Analysis Video and the Alphatrend’s Swing Trading Guide and the 4 Stages Of Stock Cycles Chart.