SPX has been bouncing between resistance at 2655 and support at 2620 over the past two trading days. If we manage to break higher, the next upside resistance is 2673, and then up towards 2700. If we break lower through support, the next downside support is 2600, and then below that 2558. There is a chance we just bounce in this range through the middle of next week, as a lot of major stocks report Tuesday, Wednesday and Thursday after market hours. We’ll wait, and see. Play the directional breakout when it comes.
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