S\u0026P 500 Forecast: Index Indecisive During Thursday Trading

The candlestick for the trading session shows just how indecisive the market is, and therefore I believe that we are waiting to see what the next catalyst is. It will more than likely come from the bond market or perhaps high-yield credit spreads, so traders will have to keep an eye out for that type of noise.

As things stand right now, it appears that we are essentially in some type of consolidation range sitting just below significant resistanceOn the other hand, if we were to break down below the 4200 level, it is likely that we could go looking towards the 4000 handle.

Unfortunately, volatility is going to remain elevated, and that does make for a very difficult set of circumstances. The overall attitude of the market is bearish, but I do not necessarily think that we are looking at a situation where you can simply short the market and forget about it, after all we have seen a pretty significant pullback already. Because of this,.

In general, I think you have a lot of volatility that you have to play around with, but a little bit of money management goes a long way in this scenario.

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