Here’s today’s mid-day stock market chart outlook for the rest of the day.
If this little stutter step was the midpoint of the move, then we’re looking at 2892 as the target.
Note: This is an if-then statement. In other words, I have no fucking clue where this move is going. At least at the moment, until the market gives us another signal.
Try Lee Adler’s Technical Trader risk free for 90 days! Follow the money. Find the profits!
2919 is minor resistance. If cleared, look for 2929. If they fail to clear, put on your crash helmet.
If it gets there, I would guess that the PPT and the Fed will attempt to defend 2900. Whether they’re able to do so successfully is the question.