- Posted September 17, 2012 by
New Highs Due this Week...unless
With the market surging higher on the news that the Fed will now have a Bennie Mae program that will buy up mortgages, one wonders how high the market can go.
In addition the market has been going down on Mondays.
This morning the market reversed at a critical support level, indicating that new highs are on track for later this week.
Under what conditions would a down move be reasonable here? If prices close below the line shown.