On Friday, the S&P 500 Index finished the day up 5 points, closed at 1146.24,. Traders noted that the S&P 500 has risen above that level in recent days but hasn’t decisively risen above it, adding to the market’s volatility.
Additionally, many investors are holding off on big bets ahead of the midterm elections in November, which will determine control of Congress.
Technically, market still bouncing around 1130-1150, buy low and sell high seems to be the practical strategy lately. We will stick on this strategy until market make a directional move.
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