The S&Ps have been in a tight range (think Balance) for the last 6 days with a large 18+ point Gap below. Wed was one of the narrowest range days in the last 6 days. While this is not a prediction - but the day following a narrow range day after several days of balance usually leads to a Trend Day. If the market opens higher and does not get much follow thru i.e get much above 1463, I expect that we may finally break and test the top of the large Gap below at 1444. There is poor structure below the Gap - all the way down to the 1400 level.
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