IVV Enters Squeeze Mode at $689.38
IVV (IVV) closed down 0.44% at $689.38 on March 2.
From a technical standpoint, the outlook appears mixed:
Momentum
RSI at 48.7 is neutral but improving. MACD reads -0.14 against its -0.25 signal line (bullish).
Moving Averages
Moving averages are stacked bearishly—price below the 9-day at $690.67, resistance at 21-day ($690.82).
Volatility
Volatility has been compressing for 20 sessions (TTM Squeeze active), often a precursor to directional moves.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $681.24.
The $681.24-$700.31 range defines near-term boundaries.