Thursday, June 9, 2011

Rejected right at resistance

My overall thoughts on the market still remain the same as they were yesterday. Despite today's positive action, the bears remain firmly in control. I just wanted to point out that both the S&P and the Nasdaq got rejected right at important resistance levels today, thereby affirming the dominance of the bears and also making these the important levels to watch out for tomorrow.

Take care and good luck!

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