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S&P 500 Index

Stocks Rangebound, Waiting for Fed

By quantguy
Stocks are stuck in a sideways corrective pattern and are likely to range before the Fed event. The S&P is likely to remain rangebound between 3300 and 3427, and highly likely to remain in the 3300 handle. The Kovach OBV has flatlined and does not show any evidence of tapering up or down. Additionally, the Kovach Chande is very tepid as well, making very slight oscillations.
Elliott WaveEquityfedghostsquawkTechnical IndicatorskovachStocksSupport and Resistance
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