Top of the range

While the intermediate term, as depicted by the green background color on the Daily chart in the image below, has turned bullish price remains in a six point range from 104.00 to 110.00 on the SPY. A breakout above this range would be very bullish as a break below this range would be bearish. There are divergences with indicators such as the RSI but the market continues to march higher. It is my understanding that today is a Bradley turn date. See here Which side of this range we break out to we will just have to wait and see. Click on image to enlarge.