S&P 500 2669,91 +2,97.
The stock market closed almost unchanged before the week-end, it looked like a typical summer trading session. Most of our indicators closed around the neutral level. The market may continue to trade in a tight range with a test of the upper boundary around 2700. The good news comes from the cumulative/advance decline line that closed not far away from an all time high which means that internal momentum is strong and that a long bottoming process is still underway.