SP500 - This simple view may explain why it stopped at 2040

FX:SPX500   S&P 500 Index
422 0 4
The key level to brake is 2049.

Markets are all over the place before Yellen Speech.

Participants will be looking for the language around "patience".

Either way, what the market will do next is not easy to forecast

BTW: DAX             may not like either outcome.. SP500             should initially like "patience" but may soon realise there is no much appetite higher.
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