We got a good rally going this week, which took us back to the resistance levels. This resistance level is big if you look at the number of times we failed to rally over it.
Failing to rally over it doesn’t mean is the end of the world as market is always in 3 modes, climbing, dropping and consolidating.
The key as I have mentioned in a previous article, is really to have a plan in place should any of those modes occur.
Meanwhile take a look at what Barry Ritholtz have to say about the market movement: