Another narrow-range consolidation day again on Wednesday. With most traders out of their office for the long labour day weekend, it may continue to stay inside the range until next week.
Upper range = 2790, Lower range = 2770
Trading range = 2770 - 2790
It would need a clear and sustained breakout of the range to trigger a trending move in the direction of the break.
FT Pivot Levels
R1 = 2793.50
Pivot = 2782.50
S1 = 2774.25
Below is a QQQ (Nasdaq 100 tracking index ETF) weekly chart showing it is now at double-top
