Trader Brian Jones on Twitter: "On the daily chart the s&p is in a tight trading range trying to flatten out the 50 sma. Remember it would need to break over the 50 and start an uptrend and send the 50 sma upward in order to get a late rally. https://t.co/iZIMym769S" / Twitter

On the daily chart the s&p is in a tight trading range trying to flatten out the 50 sma. Remember it would need to break over the 50 and start an uptrend and send the 50 sma upward in order to get a late rally.