As mentioned in last weeks blog, I felt that the DOW was likely to continue its climb and it has done exactly that after a brief two day pullback.  The next stop on the trainride to the north country is 9654, 9794 and 10365.  Look for 9117 to provide immediate support then 9088 and 8878.  I see the index continuing to move higher.  Watch for key areas of support and resistance and observe  how the index reacts to those levels.

The SPX is also likely to continue the move higher.  The next resistance level is 1044 and  1106.  978 and 956 should provide support.

The COMPQ will look for 2070 and 2211 as the next area of resistance.  Support should be located at 1930 and 1905.

I am currently on the road,  so the analysis this week is very brief.  I will go into more detail upon my return early next week.  As such, you will not find the charts as normally provided.  Thank you for your understanding.  Best, Robin

Bookmark It

Hide Sites