Loading ...SPX Boxed In?
After breaking out the new ATHs the SPX has been “Boxed In” chopping sideways. The Bollinger Bands are as narrow as I have ever seen them which usually signals a big move is very likely coming.
Based on Time, the SPX is over due for a shot term TC Low so maybe we will see a rare sideways time base “consolidation” low but I am going to wait to see first which way she breaks before I jump in. And then, will the initial move just be a “head fake?” Gotta love these markets.
