Activity has been pretty uneventful. There's been some small movements, but right now it's just a tightening range pattern and consolidation like what we're expecting. This is most likely going to take us through the weekend before we see any action. Consolidation periods have been about a week long before pullbacks, so it seems probable this will happen again.
Short term support has been found near the $3,380 level with resistances looking to be at $3,460.
Bear volume is still dwarfing bull volume, so there's nothing compelling to bring a change to market sentiment. Bears are still very much in control of this market space.
Hope everyone has a great weekend!
