Bottom of Range

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Once again we're at the bottom of the ~70 point S&P range on the /ES.

I'm forced to wonder what would happen if we ever broke 800 with any gusto. Recent history suggests it would, for the zillionth time, push back higher. But this range can't last forever. This week – particularly with "Mortgage Forgiveness Wednesday" – should be another interesting (and hopefully not agonizing) one.