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Recently, I’ve been watching a choppy, range-bound market.
After yesterday afternoon, a few friends asked whether it could get above the 1740 resistance level.
Objectively speaking, at noon I still thought it might go up and touch it, but later in the afternoon I told a lot of friends that it probably won’t be able to—this range-bound action will keep coming back again and again. It got wild today, and we’ll be back to normal trading starting tomorrow night.