ALERT - Watch For a Resistance Breakout and Possible Change in Intermediate Term Trend

With less than 2 hours before the open on Friday the Dow, S&P, Nasdaq and Russell futures are all higher and into the area of resistance for each of these indices. Be on alert for a possible break of this area of resistance and a change of the intermediate ter trend from neutral to up either Friday or Monday. Look to trade up trending stocks or ETF's that are either bouncing off support or breaking through reistance. This is from my post on Wednesday: The next major hurdle in this market is the horizontal resistance on the DJIA at 12,750, S&P at 1,390 to 1,400, Nasdaq Composite at 2,390 to 2,430 and Russell 2000 at 720 to 730. If the indices break resistance the intermediate term trend status changes from neutral to up.