Hey all,Well today's charts look very interesting.Thin volume &...

Hey all,

Well today's charts look very interesting.Thin volume & sp closing where it started = consolidation and a wait see approach from the market. Anyway here's my charts:)

Analysis
Today we saw volume drop off compared to yesterday and the sp trade within a tight range and closed where it opened @ 4.5 where it looks like the floor could be forming for the sp to consolidate within the channel during coming trading days.

The lead Stochastic is now in the range 70 which is bullish overbought and can signal a sell .

Conclusion
Thin volume could see the sp trade within a tight channel (R1-R2)if the sp drops resistance @ 4.5 cents could be tested again.