![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLQ0M0lSwjzndEUQxUERIW4VEbm3TxVZJFKRQQ8bgzfDV4u4ytXCZES-KODdhChcHUOtN1NrQmCLn_7ssfm7tyvMI9ncbd6f__42hDSNMPpcaC5ClC2JkMqfddj5oJb0aL9WY1/s320/ES041310a.gif)
We're seeing another one of those range days, in which price oscillates around a relatively flat volume-weighted average price (VWAP; red line). We rejected lows on the move below the overnight range and, at present, are consolidating near the range highs. We have near-term resistance from yesterday in the 1195 area; the NQ futures and Russell 2000 Index are at a resistance area corresponding to yesterday's highs.
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