.SPX: What's Going on Next?
The $S&P 500(.SPX)$ has remained range bound with some good volatility between 5000-5150, trading near the upper range before markets open today.
While it may not immediately look like it due to the recent volatility— the index has stalled after the initial bounce.
If my speculation is right, price will fail to advance much further from here. My thought remains unchanged— this relief rally has effectively convinced participants the pullback has ended.
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