- S&P 500 is showing a range of 1154 - 1163.87
- Hour chart is showing weakness above 1160 levels.
- Index not able to sustain above 1160 level.
- Price has moved away from 50 hour moving average So a sideways to negative consolidation is possible so that the moving average catches up with the price. But if 1163 is taken out convincingly next target is 1170
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