Trading opened today at 1110.75, up 2.75 points from Wednesday's close. Prices moved quickly to their high for the day at 1117.00, then turned and traded back down. Prices moved down 19 points to a low of 1098.00 shortly before close the closed trading at 1098.25.
Prices yet again tested the resistance and failed, the increase in seller volume today could point toward a sell off going into the weekend. Should prices break support at 1092.00 and 1082.50, we could be looking at a change in direction for this currently overbought market.
See you at the starting line!
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