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This morning Chris Kimble reminds us of the looming smackdown between the Dow and a resistance duo of epic proportions. As I post this, Dow futures are up following a slew of positive earnings that apparently outweigh the grim report from Bank of America.
Chris comments: A 70-year resistance channel is at hand in the Dow, and this legendary index finds itself at the same highs it reached back in 1999.
Resistance is resistance until broken! Can the parties in power push the Dow past resistance?
Dow is for sure at price point that caution is warranted until resistance is taken out!
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