There is a thing called Volatility Contraction Pattern. Read about it as much as you can (see end of article for reading suggestions).
The “VCP” is happening now on U.S. equities. Pay VERY close attention the next few days.
Here’s SPY 0.00%↑ daily, right now:
What is the Volatility Contraction Pattern?
Without going into much detail, it’s when there is low or contracting volatility… evidenced by a series of higher lows and rangebound prices.
We’re seeing it in the form of the classic bullish Cup & Handle pattern… when, combined with positive money flows, is very bullish.
Watch this pattern* closely the next few days. The bias is for a big breakout above the horizontal blue line…
🚀
*Further reading - dive in on the source of it all. Read about VCP in Mark Minervini’s books, and Cup & Handle in the classic, How to Make Money in Stocks.