Scheduled News:
CURRENT RANGE / EXPECTED RANGE (5/10 AVG) & CURRENT RELATIVE VOLUME (RV)
Good morning, everyone. Today is Wednesday, August 27th.
We have another day with no major red-tag news, which could lead to a relatively slow session as we continue to grind higher, now approximately 20 points from all-time highs. Once again, the market sat in a tight 11-point balance range overnight, holding above the support at 6479.00. With relative volume at a low -25% pre-market, we have to assume the path of least resistance is a slow grind with the trend. The default is up.
Let's get into the levels and figure out what we need to play.
