MARKET BREADTH
AdvIssues: +1,558 * NewHighs: -117 * UpVol: -1,243,468,758
TECHNICAL ANALYSIS
Primary Consolidation * Secondary Downtrend * Near Term Consolidation
Support 11,600-11,700 * Resistance 12,800
OUTLOOK
Today's quadruple witching session ends with the Dow up 2.16% for the day and 3.43% for the shortened but wildly volatile trading week. The index continues to meander inside the 11600-12800 band. I dont expect any important technical signals or alerts until it breaks out of this range one way or the other. Waiting really tests the traders' patience.
AdvIssues: +1,558 * NewHighs: -117 * UpVol: -1,243,468,758
TECHNICAL ANALYSIS
Primary Consolidation * Secondary Downtrend * Near Term Consolidation
Support 11,600-11,700 * Resistance 12,800
OUTLOOK
Today's quadruple witching session ends with the Dow up 2.16% for the day and 3.43% for the shortened but wildly volatile trading week. The index continues to meander inside the 11600-12800 band. I dont expect any important technical signals or alerts until it breaks out of this range one way or the other. Waiting really tests the traders' patience.
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