S&P 500 Daily Trade Plan: Grinding Towards All-Time Highs

With VIX and Volume Low, Here's How to Buy the Dip at Key Support Levels like 6457.75 and 6450.75.

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.

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