Trapped - volatility, liquidity, and seasonality to shape the next move

Trapped

SPX is trapped here and should be deciding on the next direction sooner than later. The short term trend line since recent lows comes in around the 4150 level. Note the bigger negative trend line coming in from "above" as well as the fact this looks like it reversed in the upper part of the 4200/3850 range. A proper close sub 4150 and things could get "fluid" again.