With Volume still under average, we have been watching prices move slowly and through tight ranges for about a month now. Prices have moved their way back to the highs we visited back in Jan in the mid 1140's. Prices seem to be into the overbought area as we are approaching this, with prices climbing back 100 points from our Feb 5 low of 1040.75. A sell of in the near future isn't out of the question, but watch for it as prices could keep floating through without an increase in the volume to support a move either way. Wednesday's trading could see prices revisit the previous days high of 1144, then 1148 as the high from Jan. Should prices decide to test back down we would be looking at 1136.75 and then 1134.00, with 1126 as an extreme low. S&P500 day trading course
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