First of all I want to wish a Happy Birthday to Jenny!
Next, The market has been strong all year, but the abortive rally at the end of the day creates a chink in the Bull's armor. Watch for this market to have difficulty with the 1148.00 high of the year. A failed rally from this level could open the market to possible early corrections, and we could change the focus from the newly achieved 1145.00, back down to 1137.00.
DTI's PMP Daily Opinion.
A break above 1148.00 should send the market up to challenge 1150.00 and 1152.00 before pushing past 1155.00. A break above 1157.00 should push the market up to challenge 1161.00. We could then see a rally up to as far as 1169.00.Below 1142.00, look for the market to drop down past 1139.00 and challenge 1137.00. Below that level, the market should challenge support at 1135.00 and 1132.00 before dropping down to 1129.00.