daytrading oct 23 morning

Good morning traders

Thanks highlandlad for the pre market wrap .

The S & P 500 finished just inside the lower part of the range it has been trading in for over a month and last nights candle was a doji , possibly indicating a balance between supply and demand.

The 50 ma has started to flattened off after being in an upward trajectory since late july.

The longer this sideways movement continues the more likely the next move has more power.

Check your open orders and good luck.