195 and 186. If you want to know where this market will go for the rest of the year, watch which number holds in the intermediate term. If we regain the 50 day moving average, the market will likely make new highs, again. However, if instead we see a break below 186, the market could move much lower. This range from 186-195 will stand as a test for the bulls. Can the bears make a score or will the bulls turn the market higher again?
Watch these two numbers for the answer.