We didn't get much of a gap close. When the market settled down following the release of the 1000 ET economic report, the overnight high became support.
Currently, as the market awaits the FOMC Announcement at 1415 ET, the VWAP Line is trying to act as support. Most of today's volume has occured between 1057 and 1055, which the market has now traded below this volume ledge.
Charles
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