SPX (S&P 500) Daily Chart Tight Bands Ready to Squeeze Out Huge Move

The standard deviation bands (pink) are squeezing in tight. A big move in this daily time frame is at hand. The move will likely be either 30 or 40 quick handles up, or, the same magnitude down. Price is elevated above the moving averages and needs a mean reversion so this is bear-friendly.

The red lines show a rising wedge vibe, which is bearish, and neggie d across all indicators wanting to see a spankdown. The money flow over the last two days may create enough juice to bump price higher in the Thursday trade but the expectation would be for price to sell off going forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.