S&P 500: Volatility Sleeps While Cross-Asset Signals Grow Louder

Supposedly, today is another opportunity for the Supreme Court to issue an opinion on tariffs. Who knows—we'll find out around 10:00 a.m. whether an opinion is released or not. The timing is ideal for the stock market, as the S&P 500 is compressing and will soon be forced to make a decision on direction. I continue to think this looks more like a topping area for the index than the start of a "melt-up.†It could certainly be counted as an ending diagonal triangle. S&P 500-Daily Chart Really, the main reason ...