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
01/23/2017 Market Outlook (Range Low)
4 hours ago