Spoos having a difficult time getting their legs under them. A rally similar to last August would have shown good conviction, however with the Banking sector showing weakness (leading sector for the Market) the market is in vulnerable waters.
Currently price finds itself in a narrow range (between the orange horizontal lines. A break below would see a test of the previous lows. A break above would see another 5-7% corrective rally.
Currently price finds itself in a narrow range (between the orange horizontal lines. A break below would see a test of the previous lows. A break above would see another 5-7% corrective rally.
