Fairly simple support and resistance levels shown on the chart. The SP500 loves to bounce between these buy and sell zones. If price closes above 212 then the story can change but even then, we are seeing another resistance level.
We are sitting at 2100 as I write this with 20 minutes left in the trading day. If oil breaks above 50 then this range trade is no longer viable I might add.
We are sitting at 2100 as I write this with 20 minutes left in the trading day. If oil breaks above 50 then this range trade is no longer viable I might add.