The S&P 500 has spent most of the morning in a relatively tight range between its second level of Floor Trader support (SPY S2 = $93.35) and Volume Weighted Average Price. However, internals show building pressure for more prospective downside, including weakness among the leaders, a rising VIX and grossly outpacing Down Volume. Energy has been the big loser as the dollar gains strength. Watch that support level closely.
Never Investment Advice
Schedule for Week of July 24, 2016
4 hours ago