Today the market opened up by around 0.55 cents at 1194.95 which became a good level of support for the rest of the day.
On the 5 minute chart we can see that the market rallied at the opening into the level of resistance around 1197.75 - 1198 that we talked about this morning, it even went a little higher, before retracing back to support at 1194.75, before retracing back up to resistance around 1198.
Those levels of support and resistance were good for 3 points each way.
The rest of the day, the market stayed in a low volume range but regardless it made a new high almost touching the 1200 mark, before pulling back to close almost flat.
The trend is still up while the earnings season starts with good expectations on the financials, we'll see.
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