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Stiff Resistance back at hand…

Courtesy of Chris Kimble

Major markets rallied last week, ending the week up against key resistance levels and knocking on the key fibonacci resistance level (500 index).

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Last weeks rally in the major markets took the majority of them back to key resistance.  Russell looks to be having some success in breaking resistance.

Remaining long the Russell 2000 (IWM) with a 2% trailing stop.  This is the second attempt for most of these key markets at resistance.  Should they take them out to the upside I WILL FOLLOW!!!


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