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| SPX Daily |
The S&P500 is grinding up to the high end of the range we've been in for the last month or so. It's a difficult spot to initiate longs unless you have a lot of faith in the breakout theory. I'm stepping aside to see how this plays out. On an intraday basis, S&P futures volume is suggesting a 15-20 point range... and with the low of the day session at 1353ish, the high target area is 1368-1373 (1372-1377 on SPX). Futures are currently trading at about 1367ish and 15min indicators look ripe for selling.
