DOW is stuck?

So it appears that the DOW has hit resistance at 11,400. This is significant.

If it continues down and then rebounds again somewhere just below 11,200 we are still stuck in the rising wedge. The next rebound will be critical. If the markets can gain enough momentum to break through support of 11400 to 11450 and stay there we will break the rising wedge pattern if not look out below!

The same goes for the S&P 500.

The NASDAQ seems to be doing its own thing. Hitting resistance at 2170.

Keep your trades small, tight and quick, until the market truley finds a direction.

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