Tight Range Following A Surge

As noted by the Wall Street Journal, prior to today, the S&P 500 hadn't moved more than 0.5% for 6 straight sessions. What’s especially notable about this streak is that the calm is occurring after a storm of buying pressure. In the prior week, the S&P had enjoyed a surge of more than 5% during only a week’s time

See the June 17, 2019 report for more detail.