Intraday Market Update – Resistance/Target Zones

1:30 p.m. ET All of the averages have filled yesterday’s gaps. While price momentum is still good intraday, there are some signs of waning 3C confirmation as a few averages approach potential zones of resistance. SP-500 +1.5%, Dow +1.5% (Transports +2.3%), NASDAQ-100 +1.65%, Small Caps +2.5% SP-500 (daily) made it above its 50-day. SP-500 (30m),…