Monday, August 1, 2011

Resistance

The market is starting to take on the first levels of resistance, but if volume is any indication, the real fight is at levels higher.

 DIA breaks the first level, stuck under the second level.

 IWM taking on the first level, higher levels seem to be where the action will be.

 Several important levels for the QQQ

 SPY taking on the first level

A closer look, volume indicates these are not yet significant levels to overcome.

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