I still view these Monthly and Weekly highs as resistance.
And this stage I’m treating the rest of the week as sideways 5-day Day pattern trading"
Premium Trader
S&P Weekly and Daily range
S&P continues to form resistance levels around the highs, and continues to remain within the Daily range.
As you know I’m bearish around these upper levels during this month with a bias to continue lower as we come into the end of the month.
However, for the next 1-2 days I'm treating the market as range bound within these current levels.
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