Today's stock market illustrates many features of a range day:
1) Advancing and declining stocks running close to even;
2) Price oscillating around a relatively flat volume-weighted moving average (blue line above);
3) Mixed performance--no distinct themes--among currencies, rates, and related asset classes;
4) Mixed performance among stock sectors;
5) Reduced volume on the day.
Catching these signs early can help traders identify day structure and formulate trading plans for the day.
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