My reasoning: since 2400 was a widely anticipated target that was actually reached, we're going to dance around it for some time, while making hysterical attempts to break out to the both sides (how else can they make money?) Some logic says a correction is due, but we can stay in this narrow range for many weeks also. Argue with me cheeky cats.
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IWM action will greatly influence SPX. I'll be watching closely on Monday.
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I added some of my favorite indicators here for reference. MACD shows vividly how the bulls have been working to keep the pullback from turning into a correction, lol. Good job so far, bulls.
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Watching the channel between the white lines, 4 hr chart
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starting to look like a bear for now, good luck
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