Need to Know: Here Are the Critical Levels Stocks Must Hit and Hold

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Shah Gilani

The market – what can you say but, "So far, so good?"

After major benchmarks made all-time highs last fall and then fell out of bed from October through their Christmas crash, the big indexes have bounced back like bulls through a china shop.

But – and this is a big "but" – we're not all the way back.

In fact, stocks have been churning sideways since making their epic comeback, which has a lot of analysts worrying they've shot up too far too fast.

Whether or not the major market benchmarks can break out of their churn, make higher all-time highs, and support another leg up in the 10-year old bull market all depends on one thing: getting past resistance levels.

The sideways slipstream also makes stocks vulnerable to profit-taking and backing up.

Whether or not the major market indexes are safe from falling back out of bed again depends on them holding important support levels.

Here are the levels we need to watch. And make no mistake, we're not the only ones watching…

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Shah Gilani

About the Author

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Shah Gilani is the Event Trading Specialist for Money Map Press. In Zenith Trading Circle Shah reveals the worst companies in the markets - right from his coveted Bankruptcy Almanac - and how readers can trade them over and over again for huge gains.Shah is also the proud founding editor of The Money Zone, where after eight years of development and 11 years of backtesting he has found the edge over stocks, giving his members the opportunity to rake in potential double, triple, or even quadruple-digit profits weekly with just a few quick steps. He also writes our most talked-about publication, Wall Street Insights & Indictments, where he reveals how Wall Street's high-stakes game is really played.

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