Businesses above and below unchanged
The S&P erased a loss of -30.28 points or -0.65% and saw the price come back unchanged on the day. The price is currently trading above and below the unchanged level (down -2.38 points as I type). The day’s high saw the index climb 16.10 points or 0.34%.
Looking at the hourly chart above, the S&P index at the high of the current bar retested the 100 hour MA at 4685.72. The high reached 4686.55 just above this level and retreated.
Buyers are playing, but so far the seller has been able to shut the door before they take the plunge. There is a little over 30 minutes of trading. Will buyers be able to break through?
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