The stock market is looking for reason to move… and it can’t find one.For the past 10 trading days, the S&P500 is coiling tighter and tighter.
It’s coiling like a snake backed into a corner.
I use that metaphor because the coiling is happening after a violent fall.
So, is the coil going to explode higher and take out old life time highs that were set in May?
Or, is it going to drop, take a breather, and reassess its next move?
This price chart has the answers for us.
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Respectfully,
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