Trade Guideline for Thursday

Wednesday was a wide-range day albeit non-trending type of day, closing near the middle of the range. Unless price breaks out of the range it is highly likely Thursday be a narrow-range day.

I will use 2396 as key Line-in-the-Sand for Thursday.

• Above target a move back up to test Wednesday's high
• Below target a test of Wednesday's low. A break below Wednesday's low can take the market down to 2360-2365 area