Trading opened today at 1025.00, up 3.75 points from Friday's close. We hit our low shortly after open today at 1021.25 then traded a channel of higher lows the rest of the day. The high today was 1038.50, then prices relaxed to close the day at 1035.50.
Today's range was 17.25 points while the gap back 1020.75 was left unfilled. Seller volume dropped off today giving prices a chance to move back into the 1030 - 1035 area of support and resistance today. With an increase of buyer volume we could see a push up to the 1044 level of resistance. If we lose our buyers and move into a seller controlled market we could see another test of the 1012 area, possibly more with a good push in volume. Let's see what we get.
See you at the starting line!
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