Pre-Market Forecast for 01.017.19 with Manny D Cabrera

Today’s Pre-Market Forecast with Manny D Cabrera. Market currently below key support areas and finding resistance on the 20 sma.

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• The rally is facing a key resistance area today. Will it hold?
• Market trying to recover from new yearly low. Will the rally survive?
• The market going from bad to worse as the weight of inflation crushes any rallies.
• Inflation and disappointing job numbers add to the selling pressure.