Key Algorithm Calculated S&P 500 Support/Resistance Levels: 4540 (LARGE) / 4530 (LARGE) / 4500 (SMALL) / 4480 (MEDIUM) / 4440 (SMALL) / 4420 (SMALL) / 4400 (SMALL) / 4385 (MEDIUM) / 4360 (LARGE) / 4330 (SMALL) / 4225 (LARGE) / 4160 (LARGE)
Assessment: Another day stuck in the zone. The edges of the zone appear to be 4330 and 4380. A break of the zone would give good hints to the next direction. Stuck in the zone really doesn’t provide many trading opportunities nor does it give any clue as to next moves. So, I am patiently sitting and waiting to see what happens and what breaks before making my next moves. Let’s see what happens today. Good luck in your trades!