However, above the blue and daily 50% levels and there is less resistance until the Weekly 50% levels @ 1083.50
S&P Weekly and daily range.
This week has seen the S&P be supported above 1049, and yesterday was the first day in a number of days that the daily range moved back inside the channels, resulting in a consolidating trading day.
Today was the first time that the daily range high and 5-day 50% level matched providing the higher daily close into the Weekly 50% level.
- Daily Trading Set-ups & Analysis
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