Chart Of The Day: NASDAQ Pulls The Market Up...And Down
Gary Savage | Jul 26, 2016 05:59AM ET
Markets don't generally go through a major resistance zone on the first try. Notice that it took the S&P 500 five tries before ti could break through its 2015 all-time high.
I think we can expect the same thing when the NASDAQ tests its all-time highs. I expect it will pull back, perhaps as far as the 500 level, taking the rest of the markets down with it.
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