"Resistance Looms Overhead - Beware the Dog"
3 Month, Daily - May 1 - The Channel remains Bullish but the market is confronted by significant overhead resistance. The strength or weakness of this resistance will be very important as to market behavior in the next couple of weeks.
20D, 2 Hr. - May 1 - The Wedge formation combined with a neutral MACD could result in an explosive breakout in either direction. The market on Friday was very volatile with reversals and whip lash activity.
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