Watch the Trading Ranges

05/28/2009 9:29 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

chart

The decline in stocks Wednesday, fueled by concern of high rates, put the major averages and daily technical studies back into their trading ranges. No clues yet as to which way the market will break but the biggest surprise would be to the upside. Recent ranges are on the chart as the Nasdaq is still showing best RS.

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