TTM Squeeze Alert: SPX Primed for Big Move at $6905.24
NeutralSPX (SPX) closed down 0.36% at $6905.24 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($6879.83) with a bullish stack. The 21-day EMA at $6846.02 provides support.
Momentum
RSI at 63.3 is in neutral territory. MACD is bullish (35.86 vs signal 28.08).
Volatility
Stock has been in a TTM Squeeze for 6 days, indicating compressed volatility and potential for a significant move.
Key levels to watch: Support at $6747.74, Resistance at $6954.91.