The market stayed above yesterday's Point of Control most of the day. Today's Point of Control is near 1099.50.
After the morning correction to the 0930 ET open, the NYSE Advance - Decline Line kept indicating a slightly more bullish sentiment than the Futures. Eventually, the futures popped above the 1100 resistance line. The market did this with less than enthusiastic volume. Also, as I am writing this post, the market is trading down to 1097 rather rapidly. So, today's bullish sentiment may not carry into tomorrow.
Charles
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