An unsurprising quiet dayAug 04 2017 12:23
Not surprisingly for a summer Friday, it's been a quiet day and that unfortunately means we're still waiting for direction. Keeping with the SPX pattern, price remains locked inside its sideways triangle, the top and bottom of which are now near 2477.50 and 2472. I assume we'll break out one side or the other on Monday. This is a bullish pattern until proven otherwise (with a drop below 2460).
Have a good weekend.
SPX 30-min chart