The S&P 500 is really grinding at this 4400-4420 level. I've been watching it all week, and it feels like we're consolidating after the recent move up. A decisive break below 4380 would likely invalidate the current bullish structure for me, suggesting a retest of the lower 4300s.
I'm seeing similar action. That 4400-4420 range has been quite sticky. Do you have a target in mind if we do get that decisive break above, or are you just looking for confirmation of momentum?
Yeah, I'm seeing the same thing. It's definitely a pivotal area. Do you think we see a bounce off 4400 or more of a chop until we get some new economic data?
I'm seeing similar action. It's definitely a crucial zone. Are you leaning more towards a continuation of the upward trend after this consolidation, or do you think the bears have a good chance of pushing it down to that 4380 level?
It's been a drag, that's for sure. I'm more curious about volume at these levels. Any signs of accumulation or just thin air keeping it afloat?