The S&P 500 has been sitting between 6800-7000 for the last couple months. Neither side is interested in giving ground! What is interesting is the divergence of the Dow Jones vs Nasdaq. The Dow is still moving upward, while the Nasdaq has pulled back.
There is a thought that a divergence like this between the exchanges can indicate a market top. At the moment, the market as a whole is fairly neutral. No idea where it goes from here. The indecision is killing me. I hope the market makes a decision soon!
When everything is neutral the way it is, the default assumption is the market will start rising again at some point.
