today opened at 1110.50 a steady rise over the weekend, which quickly gapped down after market open dropping to quick pierce of the 1104 support, which was tested multiple times throughout the day. In late afternoon price rose to close at 1106.75, a trading range of 7 points with much volatility, even though the long term charts show this as sideways action, intraday traders saw much volatility. This is the fifth day in a row where the market opens with as sell off and then slowly gains back ground in the late afternoon. It appears that traders are artificially raising prices, then quickly selling of their positions in early morning trying to "milk" as much profit as possible, then reentering in late afternoon at the days lows. Today though shows a lower low instead of the higher high we were used to seeing on the close of previous few days. Support is still storng at 1004/1105 range, and of course the 1100. Resistance comes in at 1110/1111.
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