[/caption] S&P Emini 500 Futures traded in an extremely narrow 5 point trading range today. Volume was light at 1.25 million contracts. Direction is still up, but shows a great deal of weakness with the lack of volume. The index may still test 1200, but expect strong resistance at that level. The daily averages are moving in a bullish sweep on the daily chart with volatility constricting. It still looks to correct to the downside sharply after a test of the 1200 level. S&P 500 day trading course
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