The major indices are at key resistance levels. The DJIA is currently exhibiting the most relative weakness as it has been unable to reclaim its 20-day EMA.
The continuing weak economic data coming out of the US is actually supportive of higher equity prices, and the S&P 500 futures have made quite significant progress since the close of North American trading last Friday.
Like almost every action in life where chance plays a role, trading is subject to luck, but traders should never let a string of bad luck trades affect overall strategy.
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