S&P500 futures have made a push higher in recent trade with the market seeking to end a month-long consolidation between 2755-2975.
The move above 2975 occurred on diminished volume due to the US bank holiday yesterday which is a potential warning sign. Tonight's closing level is one to watch but as long as the market remains above 2975 then the near-term long bias remains in tact.
Longer-term price is back above the 3000 handle and probing the 200 SMA.
The move above 2975 occurred on diminished volume due to the US bank holiday yesterday which is a potential warning sign. Tonight's closing level is one to watch but as long as the market remains above 2975 then the near-term long bias remains in tact.
Longer-term price is back above the 3000 handle and probing the 200 SMA.
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