leave your reason at the door - monday, page-42

S&P 500

The index opened at 1769.96, 0.48 of a point below the previous close of 1770.44.

It sold down for 5 minutes into a low of 1767.85 and then an outside bar appeared on the 2 minute and there was a 20 minute advance to an intraday high of 1773.43, a rise of 5.58 points.

The index then traded down into a higher low at 10:40 am price 1769.69, a retracement of 3.74 points or 67% of the move up (2/3).

The index spent the next 30 minutes rising to a lower high at 1772.41 (2.72 points and 72.72% of the fall from the intraday high).

Trading was then range-bound within that tight 2.72 points intraday higher low and lower high into the close of the session. Closing price was 1771.80. A rise of 1.36 points on Friday’s close.

Here is the 15 minute for the session. If I use my imagination here I can see a flag.