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After its big drop in mid-April, the Dow has rallied back to a classic resistance level now: 10400. Just look at the chart:

This is one of those "support-becomes-resistance" levels that has had a big impact on the market in the past (blue arrows) and will probably continue to influence the market's thinking for some time to come.

But enough about that, let's see what our other commentators are thinking these days...

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Chip Anderson
About the author: is the founder and president of StockCharts.com. He founded the company after working as a Windows developer and corporate consultant at Microsoft from 1987 to 1997. Since 1999, Chip has guided the growth and development of StockCharts.com into a trusted financial enterprise and highly-valued resource in the industry. In this blog, Chip shares his tips and tricks on how to maximize the tools and resources available at StockCharts.com, and provides updates about new features or additions to the site. Learn More
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