Light volume back and forth moves leave Toni Hansen with very little bias heading into Thursday since they are indicative of a trading range.

While there is some support at the lows from August 17 and 20, the door is now open to retesting price levels from August 25 and 16.

Toni Hansen writes that continued weakness is more plausible given the intraday action going into the morning.

Toni Hansen remains bullish this week, but expects a lot more choppy trading to continue.

The odds are still favoring more upside movement in the market, but the indices are starting to come into some strong resistance from earlier in the month.

Toni Hansen doesn't believe that the market is going to again be able to break to new highs on the year, but it also doesn't look as if we are going to get another extreme downside move just yet.

Toni Hansen is cautiously bullish heading into Wednesday.

Toni Hansen writes that the market still has overhead room to move on Tuesday.

Toni Hansen expects the bulls to again attempt to peek their heads out on Monday, although the typical action would be for a narrower range to occur with a lot of indecision intraday.

Toni Hansen writes that she expects to once again see some corrective action off the daily support heading into next week for a few weeks.