trading date: February 09, 2017 –
The market trades again in a tight range, next to the all-time high.
Earnings season has been decent, global economic conditions are improving and the Fed statement last week was dovish. The backdrop is good for a breakout.
Resistance will lie at yesterday’s high at $229.39, followed by $229.66 and then the all-time high at $229.71.
Support will lie at yesterday’s low at $228.31, followed by $226.82.