Afternoon Update – SPX $4500

The day still has a consolidative tone, but the averages are currently near or at session highs. As first pointed out yesterday morning, the consolidation has a bullish bias. SP-500 +0.8%, Dow +1.05%, NASDAQ-100 +1.1%, Small Caps +1.25% SP-500 (10m) – bullish-looking consolidation (green shaded area), but price found resistance near yesterday’s high. Index futures’…