I’ve been pounding the table about the volatility “box” stocks have been pinballing around since the 2024 election.
The “box” is just a 200-point range, basically. It’s between two critical levels at 5900 on the lower end and 6100 on the upper.
We’ve poked our heads above that 6100 level about five times, including one continuous stretch from late November to mid-December, but each time the rally has failed.
Think about war movies: What happens when some idiot sticks his head above the top of the trench? Blam-o… Every attempt to stay above 6100… Blam-o.
Well, this time, as I’ll show you in a second, we’re getting perilously close to falling through that 5900 lower level. If that breaks, forget about war movies, it’ll be more like The Abyss. Look out below.
Here’s what you need to know…