The stock indices are trading at, or just below long-term Key Reference Areas. There has been little to no net gain in the various indices in a year. The indices are once again knocking on the door to new all-time highs and it is likely that they will soon traded sharply through and above the old highs or sharply down away from present level to the KRAs highlighted below. At this point I would give the benefit of the doubt to an upside resolution. Let short-term market structure be your guide for trade decisions!
As of this week I will post the charts in black and white to make them more printer friendly.
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