🔍 Week in Review
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Open
6,664.01
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Close
6,791.69
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Weekly Change
↑ 127.68 (+1.92%)
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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
Consecutive Expected Move Touches
Weeks in a row hitting expected move
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✓
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Market insight: Expected move has been touched 1 week in a row, which is normal market behavior. Expected moves are designed to be touched approximately 68% of the time.
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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 10/31
111.44
| Previous Week: |
135.61 |
↓ 17.8% lower |
| 4-Week Avg: |
134.59 |
↓ 17.2% lower |
| YTD Avg: |
117.29 |
↓ 5.0% lower |
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Daily EM 10/27
47.19
| 20-Day Avg: |
46.46 |
↑ 2% higher |
| YTD Avg: |
49.54 |
↓ 5% lower |
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What This Means for the Market
The current volatility environment shows expected moves in a stable to contracting state, 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: 34.00
Please update your trading indicators accordingly with the new spread
