Alternative Investment Posts
Election-related or not, the move from the bottom to the top of the $SPX trading range in just four trading days was impressive. The trading range extends from 3200 to nearly 3600 (the all-time highs at 3588). The recent moves have pretty much obliterated what had been a support and resistance area near 3400-3430, so the edges of the range itself are the only meaningful support and resistance currently.
Equity-only put-call ratios remain on sell signals, despite the huge rally over the past four
Member Posts:
Log In for More