Check out this base in the SP futures

Check out this very steady base (or possible ceiling, lol), in the SP futures.
It appears as though a big seller is holding the fort at 3300.
Any thoughts?

 

That looks like the market is pulling a Sir Lancelot at the moment, as it (he) approaches the castle. And when Powell speaks tomorrow, there will be infiltration into the castle.



To be continued?

 

It appears as though a big seller is holding the fort at 3300.

--->

It simply means the big boys are having a long tea break.

And the small buyers and small sellers are trading instead of having a long tea break.

And the small buyers and small sellers are trading at 3300.

 

base? or is that resistance at 3300. pattern is in the eye of the beholder.

 

Or "ceiling" as I called it in my OP, lol.

 

It's a ceiling and looks like it will face more retests.