05.06.11 – Bounce to 5-DMA Resistance

Note the reject at the magenta dashed five-day moving average, followed by a second reject at floor trader resistance level one.

Related posts:

1. 03.21.11 – Gap to Major Resistance?
2. 03.29.11 – Powerful Bounce off the 5-DMA
3. 02.25.10 – Plunge and Resistance at S2/ 250-min EMA
4. 02.03.11 – Resistance at Pivot
5. 04.20.11 – Monster Gap Breaks Multiple Resistance