Tuesday Prep

Yesterday was a balanced session overall following the initial test lower and reverse off the 2571.75 CHVN area. Volume was the lowest of the year at 1.19m and the RTH range was equal smallest at 19.00 points.

Overnight has ranged between 2580.00-2600.25 vs settle at 2580.50. The market remains within a multi-day balance following a strong rally. The daily ranges have been contracting and volume has been falling leaving us in a neutral/bullish state on the day timeframe.