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Trendless narrow range day on SP500
The market consolidated today, within a narrow range of under 15 SPX points with little in the way of direction, thrust or commitment. The market gained some ground on a small late day rally but stayed within Monday’s range. Volatility started out high but lost ground near the close, a bad sign for bears for
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Bearish Trend Day Down
Bearish trend day today confirmed at 10:15am ET and indexes dropped all day, with the typical for a trend day small retrace starting at 3:30om as short term shorts started to cover. Internals were bearish accross the board. Expectations for overnight and premarket trade tomorrow is for further retrace upwards to key resistance levels, on
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