Market Sense and Sentiment

[bbgold]

Morning Bernard,
I like those trading ranges. More than enough for some profitable trades. The tight trading range yesterday would have made it difficult for a trade other than entering a longer term position but the market direction was still uncertain IMO. Overnight S&P resistance near 867 but the last higher resistance was 880. Overnight support at 860 but the tests of support always like to overshoot slightly. TNX might also be signaling to fade the gap but the SMAs could easily send us back down to retest the lows.
Let's see what happens :^)