The Stock Market’s Compressed Range

Over the past 13 trading days, the S&P 500 has traded within a very narrow band. Not once has the index left the range of 2,698 to 2,742. That’s about 1.5%.

The index is still above its 50- and 200-DMA; however, a retest may come soon. A narrow range could be the precursor to a strong move in either direction. For now, though, the market is listlessly drifting in a very narrow range.

Posted by on May 29th, 2018 at 10:47 am


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