Stock Indices Rally Into Important Resistance

The Stock Indices rallied today into important resistance. Interestingly, as they approached those levels, the buying began to wane. Market internals are still diverging. There is a Fed announcement next week that will certainly have an impact on the determination of value. Anything higher than a 25 basis point increase could cause problems for the rally. However, if they are able to trade, close, and hold above resistance then the next levels of resistance are outlined in the Briefing.

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