A boring day on the SPX today as we spent the entire day consolidating and only closed up by $3.01 at the $2669.95 level. We continue to work in this "E" lower of the larger 4th wave correction.
We spent the entire day consolidating above support of the 20 day MA, indicators remain mixed. Upside resistance fro the upper Bollinger band closed at the $2718.20 level. Hopefully we are getting towards the end of this 4th wave correction and can start producing larger motive waves here soon. For the most part we have consolidated pretty much all of this year.
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