There is no "horizontal resistance here" it's all trendline.. the market has to pull back and find some support to go through it.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, August 20, 2008
the XLF struggles with it's first decending resistance
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