The indexes tested and validated key levels last week for the short-term and longer-term timeframes.  So although not much progress was made, it was still technically a productive week for the market.

Broken support zones are now serving as resistance, and as of Friday, the indexes are sitting just shy of those levels.  That brings potential for movement in the week ahead.  We also have a lot of economic news ahead of the coming 3-day weekend for Labor Day, so it’s time to get prepared!