Monday, July 16, 2012

Monday Afternoon

S&P futures have been chopping around under Fridays close (1352ish) after the bulls stepped up this morning near the weekly pivot (1342ish). Volume is pretty light so far... suggesting a 10-15 point range today. The low of the day session is 1343, which puts the high target area at 1353-1358 (1358-1363 on SPX).