It's difficult to be confident of the market's current recovery attempt when lighter than average volume levels indicate institutions primarily remain on the sidelines.
The S&P futures are trading at a sizable move up from Friday’s close, but with some cloud resistance at 1134 on the daily chart there is a possibility of a gap and trap move today for US traders.
The stock market indices spent Friday's session consolidating. After an early morning run up, they backed off, and then meandered sideways in coil-type fashion. At the end of the day some last hour firming brought the indices back into the plus column.
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