My next resistance zone to watch is 5350-5410 and today's high @ 5353.75 reached the lower end of it. It found some resistance right around the monthly R2 @ 5350.75, but still managed to close near its highs yet again. This market has been extremely bullish repeatedly making closing highs above previous day's highs along with closes near its daily high. There's no supporting signals showing any signs of weakness, but I'm curious to see what happens as we trade into this resistance zone.
Tuesday, February 21, 2017
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