THE STOCK MARKET UPDATE September 21, 2017

David H. Weis

ES: Daily

The S&P failed to make further upward progress today as prices held within yesterdays
range on low volume. Because prices closed below the midpoint of todays range more
testing of yesterdays low is possible. If this low is penetrated, we may yet see a pullback to
2488.50 where prices peaked on August 8. Should the market hold tomorrow in a narrow
range, it will suggest absorption is taking place.

Have a nice weekend.

www.WeisOnWyckoff.com dhw@weisonwyckoff.com Tel 617.489.9155