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Market Commentary: SPX Today

Mar. 26, 2021 8:40 AM ETSPDR® S&P 500 ETF Trust (SPY), IVV, VOO, SPX, VFINXVIX
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  • SPX Narrow Band Closing Range: 3881-3938.
  • SPX Broad Band Closing Range: 3840-3965.
  • Trading Strategy: Momentum.

Well, I hope you enjoyed your trading yesterday. I know I mostly sat on my hands. I closed my SPX right after posting yesterday and got long /VX and then took profits on that on the way up. So, pretty unexciting on my end despite the wild moves. But, I digress...

"Well, it's Groundhog Day, again..."

All of that wild trading brings us right back to...Wednesday? Yes, we're pretty much back exactly where we sat on Wednesday and I could probably just copy-paste that setup because we're right there. What's today looking like? Two-days ago. Continued choppiness with no headway higher or lower.

Happy Trading!

Analyst's Disclosure: I/we have no positions in any stocks mentioned, but may initiate a short position in SPX over the next 72 hours.

I am an active trader and may take a long or short position in any securities mentioned at any time.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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