Volatility Contraction Sets Up IVV Move Near $693.27

IVV (IVV) traded flat at $693.27 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($687.70) with a bullish stack. The 21-day EMA at $685.22 provides support.
• Momentum: RSI at 63.1 is in neutral territory but trending higher. MACD is bullish (3.04 vs signal 2.34).
• Volatility: Stock has been in a TTM Squeeze for 5 days, indicating compressed volatility and potential for a significant move.

Key levels to watch: Support at $675.66, Resistance at $696.57.