Saturday, November 7, 2009

S & P 500 In Consolidating Range


This past week we saw the $SPX in a consolidating range. This is very evident on an hourly chart. You can see that the 1st hour of the trading day was the entire range for each day this past week. Over the past week the $SPX has closed higher and looks like it could be setting up for a retest of the October high of 1101.36 .

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