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S&P 500: Still Trapped

S&P 500: Still Trapped

S&P 500 FUTURES CME:SP1!

About 40 USD Trading Range in the last 30 Days... Striking that Commercials again increased their Net Short Positioning. I really do not hope that we will stay trapped in this trading range till next FED Meeting in September. For me it personally looks like a flat redistribution/accumulation pattern. From Point & Figure Charts the current maximal change is in the Range of 90-110 USD. So once the upper resistance is broken 2280-2300 are possible, but I see a correction to 2170-2190 more likely.