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Originally Posted by coolhand

The market gave us a choppy trading session on Tuesday. There were no big moves in either direction and the indexes closed not far from their neutral lines.




Price on the S&P does seem to be hitting resistance in the high 4180s. The DWCPF is also hitting resistance (near 2250). Is it near time for another dip? RSI is flat on both charts. Momentum is biased slightly lower on the S&P, but is still rising

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Stocks were mostly higher on Monday although the Dow did suffer a 62-point loss. There was an odd spike lower at about 3:00 PM ET and I really didn't hear what caused it. It could have been a shake out to get weaker bulls to sell, similar to what may have happened last week with bitcoin, which bounced back big today, but that's just speculation. Basically a nice day for stocks as we jump into this big earnings week. Oh, and we saw new closing highs for the S&P 500 and Nasdaq.
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