The Bears continued to have a modicum of control again today, as the market went down a little more on  very low volume and a fairly small range once again. The market lost about 5 Points for the official trading day, and closed about 8 points lower than the close yesterday.

The market also dipped very briefly below the psychological 1100 level, perhaps getting ready for even lower prices tomorrow. Or, maybe the Bulls can muster some resistance, support, and commitment to prevent that. Stay tuned and we’ll see……

The market opened today at 1107.75 and closed at 1102.50.

The trading range for the day was from a high of 1111.50 to a low of 1099.25.

There is an open and unfilled gap to the downside from about three weeks ago now at 1023.00, and also one to the downside from last week at 1064.75. There is also an unfilled gap at 1156.25 to the upside from about 2+ months ago.

Good luck, and always trade only what you see.

After a surge to the upside following good news on New Home Sales at 10:00 AM market time, the market traded in a pretty tight range on very low volume for the rest of the day. But the Bulls ultimately had control for most of the day, with the market finishing up about 10 Points for the day.

The market opened today at 1100.75 and closed at 1111.00.

The trading range for the day was from a high of 1111.75 to a low of 1097.75. But as stated above, the range was much tighter than that for the last 3/4 of the day.

There is an open and unfilled gap to the downside from about three weeks ago now at 1023.00, and also one to the downside from last week at 1064.75. There is also an unfilled gap at 1156.25 to the upside from about 2+ months ago.

Good luck, and always trade only what you see.