trading date: April 24, 2017 –
The market finished again under the 50-day moving average. If the market was not able to rally during the start of earnings season a giant warning shot would have been fired.
Keep an eye on financials, they are the key to a market rally. Banks have been beaten down and they have room to run.
Resistance will lie at yesterday’s high at $235.31, followed by $235.85 and then $236.52.
Support will lie at yesterday’s low at $234.13, followed by $233.78 and then $233.18.