trading date: October 13, 2016 –
The market closed at $213.71, below the SMA100 at $213.91. The Fed minutes delivered no surprises: The minutes are consistent with another rate hike in December.
Earnings season has started and that is usually bullish.
Resistance will lie at yesterday’s high at $214.32, followed by $215.74 and then $216.30.
Support will lie at yesterday’s low at $213.01 and then $212.58.