The morning gap fill took us back to the middle of the eight-day trading range between SPY $92.70 and $95.60 spot on the five-day moving average. At the mid-day, we face some news risk ahead in the form of the Ten-Year Note Auction results and Federal Reserve Beige Book report (link). Just now the AD line is falling back slightly and Cumulative Tick is headed back south, although Up and Down Volume remain fairly evenly matched and the VIX has been level since early morning in the mid-28 range.
Today's Key Levels, Slopes & Channels
Falling Under the 50 Day Average on Thursday?
3 hours ago