The SPX hit it's high of the day in early trading then went back into consolidation before breaking lower going into the close. We closed the day down $8.38 at the $2724.63 level. This up wave is not behaving properly as it is not accelerating higher, but at this time there are not many other good options on the count.
The daily chart is still showing the price action below the upper Bollinger band and support of the 20 day MA with indicators trying to roll over to fresh sells. We continue to be in no-mans land right now.
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