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.

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SPX in Compression