The overall S&P500 Index has been in Compression/Consolidation for the past 2 1/2 days. It is getting ready to spring higher or lower. If it goes higher, it’s upside target is approximately 2570. If it goes lower, it’s downside target is approximately 2400. Volatility has been with us for the past month, and in this case, it can still make the markets move.
Recent Related Articles
Amid a Bullish Yet Choppy Market, Here’s What Investors Should Do Now
How Our Traders Learned to Stop Worrying and Love the Volatility
As the Rally Pushes Its Luck, the Smart Money Seeks “Defensive Growth”
Friday Outlook: Next Week’s Setup—and a Tax Trick for Portfolio Laggards
How to Beat the Casino Economy (Without Losing Your Shirt)
Friday Outlook: The Fed, Not the Trade Truce, Calls the Shots
The Bull Turns Three and Refuses to Act Its Age
Friday Outlook: The Economy Makes No Sense — But Smart Investors Can Still Win
Exploring the Future of Options Trading with AI