trading date: December 15, 2016 –
A bounce on yesterday’s session, supported by volume.
The FOMC was hawkish, but the market held up pretty well. 3 rate hikes are expected in 2017 and that is up from 2 hikes. Today, the downside can be tested.
Resistance will lie at yesterday’s high at $228.23, close to the all time high at $228.34.
Support will lie at yesterday’s low at $225.37, followed by $224.26 and then $221.38.