🔍 Week in Review
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Open
5,282.64
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Close
5,525.21
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Weekly Change
↑ 242.57 (+4.59%)
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Our Bullish Friday prediction from Wednesday was correct, with price closing higher than Wednesday's level.
The Weak Strength prediction was incorrect. A Weak Strength prediction requires the price to stay within 15 handles of Wednesday's close, but it moved more than that.
📊 Expected Move Analysis
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Consecutive Expected Move Touches
No significant patterns detected.
Significant Closes
There are no significant consecutive closes in either the weekly or daily timeframe.
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📈 Volatility Analysis
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Weekly EM 05/02
148.78
| Previous Week: |
170.88 |
↓ 12.9% lower |
| 4-Week Avg: |
229.29 |
↓ 35.1% lower |
| YTD Avg: |
137.16 |
↑ 8.5% higher |
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Daily EM 04/28
66.04
| 20-Day Avg: |
102.75 |
↓ 36% lower |
| YTD Avg: |
62.10 |
↑ 6% higher |
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What This Means for the Market
The current volatility environment shows neither weekly nor daily expected moves expanding significantly, with levels close to YTD averages. This typically indicates:
- Market makers have good control of price action
- Institutional positioning is relatively balanced
- There's a consensus view on market direction and risk
These conditions often reflect a market that has found equilibrium between buyers and sellers across different timeframes.
Current SPX-ES Spread: 25.00
Please update your trading indicators accordingly with the new spread
