4 Mar 2021 ● 06:55 AM
I have circled the region on the chart where all the noise is going on. Big up and down days but actually it has gone nowhere. The S&P is still near the lower Bollinger band support at 3812 from where the trend higher can pick up again. The volatility is a shakeout as near-term fears get absorbed by markets and they digest the new normal of higher inflation and rising prices that are accompanied by rising rates.