There still are a number of higher timeframe levels in January that continue to stall the Market from rising (1295/1297)
S&P Weekly and Daily range.
The market continues to consolidate around the highs, with limited weakness within the daily range due to Wednesday’s move above the Weekly level @ 1290.
My hunch is that the S&P will finally complete the Primary cycle highs @ 1300 on Friday, just as the end of the month comes about, and a shift in dynamics pushes February levels higher.
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