Everything Is Bullish Except the Price

No bueno

Earlier today we pointed out: "SPX has produced rather big volatility over the past 2-3 months, but gains haven't been overly impressive. Yes, we are at ATHs basically, but only up 100 points from early October. The volatile, non trend price action, reminds us a bit of late last year/early 2025. That ended with a double top and a puke. Are we looking at another double top here?"

Market reversed aggressively today. Let's see how this plays out, but SPX remains trapped inside the range that has been in place for months....and we are now only 20 points higher compared to early October.