Should you  “sweat” resistance?  I would if long, due to resistance and the wide spread in the chart below, which is reflecting that very few investors are sweating at current price levels.

In the chart below, posted on 11/8  (see post here) I suggested you should FEAR TECH STOCKS, due to the “lack of fear” that was present in the markets. 

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The chart above reflected a great deal of “comfort and lack of fear” in the Tech stocks, while up against critical resistance.  Speaking of resistance, the Nasdaq 100 isn’t the only market facing important price levels!

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Is the market soft this morning due to Cisco or is the “LACK OF FEAR” at key resistance weighing heavy on the markets?

Game Plan….Harvest at resistance and buy breakouts!   Trend/Price Action remains positive. Will see if this resistance will change things!

P.S.  Dollar is pressing on short-term overhead resistance.  Remain of the opinion, what the Dollar does at support and the Euro at resistance is key to the big picture!