S&P 500 continues to hold support below, with RSI turning positive

Despite lower-than-expected GDP figures, the S&P Continues to hold the 4,000 level. further support below sits at 3,940-3,960 region. Mild selling may be possible at the open with a 'buy on the dips' approach thereafter. It is likely the S&P and other index funds will continue to consolidate throughout the remainder of February as markets decide which way to go next however these rangebound conditions could provide good swing trade opportunities in both the upside and downside direction.