FXstreet

The U.S. stock market attempted to break out of its trading range last week, but it was a false breakout. Here's what to watch now.

The S&P 500 attempted to break above its 2,100 resistance level last week, but that breakout was thwarted in the past few days when the index sliced back below this level. S&P 500 is back in its trading range between its recent highs and recent lows. This range needs to be broken.

Dow is in a trading range between approximately 17,500 and 18,000. The Dow has tried to break above its 18,000 resistance

Nasdaq 100 experienced a false breakout last week and is now back in its prior trading range:

Russell 2000 has corrected back to its 1,200 support level that needs to hold in order for the uptrend to stay intact:

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