Volatility has remained low the past two months. Even with the recent pullback after the Fed meeting, the index has managed to recover relatively quickly. Now we're back up against a key resistance again. So far we've failed to break above this resistance level. This leads to the possibility of a pullback to test the bottom level of the trend. On the other hand, the price could be setting up for a bullish breakout.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.