US Market Corrects in expected lines.

On 24th Jan 2013  we gave view on Dowjones & the S&P where we said the following with caption@ 

Will Dowjones & S&P break the barriers???

Dowjones is getting close to its toughest resistance which is around the 14093/14198 level. Most likely it going to put a brake there and rest there for some time, correcting some and then move ahead. Continuous closing above the mention level would mean a complete breakout for the Dowjones.

S&P too getting near to its toughest resistance level which is around the 1526 level and this's the area where it will face good amount of supply & could correct somewhere from there. Only continuous closing above 1527/1530 would signal a breakout.

Good News@ Dowjones Transportation Averag already on a break out.

http://moneymystery.blogspot.in/2013/01/will-dowjones-s-break-barriers.html

****On 20th Feb Dow hits high of 14058.30 where as S&P hits high of 1530.94, both corrected near to the above mentioned resistance level.

Something was coming for correction and it came in the form of Fed@

U.S. stocks fell sharply on Wednesday, retreating from multiyear highs, after minutes from the Federal Reserve’s last meeting illustrated differing views over continued stimulus.

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