Off the Charts

The market wrapped up July in very choppy fashion as the 1700 level continues to prove elusive for the S&P. The indices bounced around wildly after the Fed announcement, but ultimately ended the day near the flat-line. The S&P finished down 0.01%, the Nasdaq gained 0.27 and Dow shed 0.14%.

Many traders were expecting resolution of the recent range after the Fed announcement this afternoon, instead it turned into another choppy session. Attention will now shift toward the non-farm payrolls number this Friday. Support still lies at 1670 and resistance at 1700....514 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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