- S&P 500 hour chart is trading in a range of 14 points. 1091 - 1105.
- Right now it is trading close to the upper end of the trading range.
- Index may pause around 1105 region and may be followed by a correction. Indicators are also in the overbought zone in hour chart.
- If 1105 is broken convincingly we can see a rally of 10 points.
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