The Stock for Today

Hello my friends. Today the market did change of mood. But it did not change of character. At least, not yet. The DJ-30 rose 1.03%, S&P-500 increased by 1.26% and the Nasdaq Comp. by 1.48%. That´s the good part of the story. The bad news is in two parts. The first is the volume of shares traded was not large enough. That reveals a lack of conviction in the market. The second is none of the index exceeded the level of resistance. Remember, this is a game of support and resistance. For now, have not gotten past the first hurdle.
The following chart will appreciate the situation of S&P-500. His next resistance level is between 7 and 10 points. Be overcome? I´m not sure. I´d rather wait and see the next moves. In any case, I think this resolution was described in the following days. Please, click on the chart to enlarge.

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