Consolidation is the word of the day again today. Opening the week at 1108.50 and trading a 6.25 point range throughout the day. Prices topped out at 1110.25 and bottomed at 1104.00, giving us a slow start to the week. Keep in mind that this is the last full week before Christmas so prices may see some congestion as volume could be a little light into the new year.
Still watching the key levels at the 1116.00 and 1100.00 areas. There could still be time for some moves, we will just have to see how long this consolidation will last. Even last week was consolidating from Wed-Fri with ranges in the 6-7 point area. 1108.00 is the point of control for tomorrow as we wait to see if there is anyone ready to make their move. Keep watching, the trades will come. See you at the starting line!
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