For a market to have good upside potential, you like to see the Financials and Energy Sectors in the Green. However, today, everything is Green except the Financials and Energy Sectors.
For a market to have good downside potential, you like to see the VIX and Advance - Decline Line in the Red. However, both are currently Green along with Staples, Discretionary and Technology Sectors.
So here we are stuck in a narrow trading range.
Charles
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