trading date: April 10, 2017 –
The market has been very nervous last week and the selling pressure is building.
The Fed has an aggressive tightening agenda. They plan to reduce their balance sheet and yields are rising. Global interest rates are moving higher and the market can only advance if economic growth is strong.
Resistance will lie at yesterday’s high at $236.00, followed by $236.51 and then $237.39.
Support will lie at yesterday’s low at $234.63, followed by $234.43 and then $233.91.