Yet another day in which the range was inside the last higher-volume/broader-range day, which was Monday, December 22. We would be happy if we could stay within this range until next Monday (not likely but would be nice). Watch to see how stocks react if SPY breaks 85.5; next time around at this zone support will most likely not hold and shorts will gain momentum. If the bulls want to end the year on a more positive note then they have to rally the troops and pull away from support towards the top of this range near 89.5.
