Road to Nowhere

For the month of October the SPX has almost $100 range,with 3 opening price gaps( 1 higher ,2 lower) but still stuck inside middle of the range.The opening price gaps indicate news overnight that is driving flows once cash open.The problem is that the news is bullish one day bearish the next thus eliminating the chance for SPX to breakout of this very wide range.This likely will continue until the trade issues with China are resolved either in a favorable or unfavorable way. A side note Q3 earnings releases to start next week so possibly focus turns towards that.

Each arrow indicates a gap open so far this month in SPX,of the 6 opens 3 have been gap up or down.A volatile market on a road to nowhere

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