trading date: March 23, 2017 –
The Trump rally has given politicians the benefit of the doubt. Before tax cuts can be considered a new healthcare plan has to be approved. This is Trump’s first litmus test and a vote will take place in the House today. Most analysts don’t feel that Republicans have enough votes (hence the market decline).
This is really the only news driving the market. We’ve been stuck in a tight trading range and this is the current focal point.
Resistance will lie at yesterday’s high at $234.61, followed by $236.90 and then $237.61.
Support will lie at yesterday’s low at $233.05, followed by $232.05.