The US Stock market as represented by the S&P e-Mini Futures held gains nicely today in a narrowed trading range. The support and resistance levels identified last night worked well today. As mentioned last night, the dip this morning into the 1343 level was a good buy.
For tomorrow, I expect support to continue to hold well. We did not see much supply come out today. A dip down below today’s low would be a nice buy opportunity if the price action remains positive. A good rally up above today’s high would set up a buy on a pullback.
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