Right out of the gate today we hit the upper edge of the SPX 97-point expected move… and stopped. The VIX is sloshing around on the floor, below 15 and falling.
For the week, we’re “massively unchanged” on very low volume. For weeks on end we’ve been trading in more or less a 200-point range, a box.
And that’s weird for a market that’s getting ready to hit new all-time highs.
I’m going to share a chart with you that shows we’ve stuck our heads up over the top of a kind of trench this tight range has dug for us…
…and we all know what happens in the movies when the first guy sticks his head up, right?
We’re all over it in tonight’s video…