ES and 30year

The S&P is getting into a tighter range. The first thing I wonder is if it will make a big breakout of the range, or if it's entering a period of lower vol.

It could rally to 900, hit the descending trendline, head lower and break support at 825. December could be a rounded top that completes in Jan. and it retests the lows.

Or we could head higher, break through 920 and maybe head to 1k.

Or trade in a range between 825 and 925.





The 30-year looks bubbly. The volume is also decreasing. The trend is still up though