Trading opened today at 935.00, 5 points down from yesterday's close. We took a quick run to our low of 931.25 and headed back up from there. We hit our high of 942.50 around 2:45pm market time, consolidated from 2:45 to about 3:30 then ended off the trading day with today's close coming in at 942.25. Our trading range today was 11.25 points, our gap at 940.00 was filled.
Today marks two weeks that we have been stuck in this consolidation between 947 and 925, breaking out a few times but every time getting sucked back into the channel. Watch for the breakout, when we finally do get it be ready! The cork is bound to POP sometime.
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