Stocks jumped up this week, especially on September 6 when the indexes jumped near 2%. For some of the major index exchange-traded funds (ETFs), that was enough to push them just above resistance levels. However, other index ETFs remained below resistance but were close to it. As mentioned in prior weeks, this is a pivotal area of stocks. How the market reacts in this area is likely to dictate the next major move that’s to occur, and whether it is to the upside or downside.

SEE: Technical Analysis: The Importance Of Volume