S&P To Stay Rangebound Next Week

SP:SPX   S&P 500 Index
Coming into the penultimate April trading week, we ended the last week with a massive drop in NVIDIA. Overall, stocks were not really a happy place last week. Kinda depressing.

Anyway, we got a lot of expectations of a bounce, continuation of the move, etc...Given the dearth of information with the FED blackout, lack of economic data releases besides BOJ and PCE at the end of the week, S&P will be rangebound from 4930-5050 this week.

We will be trading on this information.

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