Big Day for the Stock Market

The stock market indices had a very strong session today. The day started out with a pop to the upside, a quick pullback retest, and then they were off to test resistance. For the next several hours the Nasdaq 100 went sideways, and consolidated in coil patterns. The S&P 500 actually moved up in a rising channel, and at the end of the day exploded to the upside, tested secondary resistance, and close right there. These are very key levels near 5400 Nasdaq 100, and the 2349-50 area for the S&P 500, and that’s where they closed.
The Market Oracle

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