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S&P 500

4 Mar 2021 ‚óŹ 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. 

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. 

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