Written by GaryUS markets did an interesting melting up after diving to the morning lows at the opening. The DOW and Spooz climbed right up to their respective major resistances’ (16,700 & 1950) and then closed on light green volume. We have seen this before when few thought the markets could go any higher because of this or that bearish indicator, and they did. Well, here we are again. Is this time different?

Source: 25Feb2016 Market Close: SP500 Closes At Major Resistance On Light Volume, WTI Settles At Low 33’s, Tomorrow Is Going To Be A Roll Of The Dice