Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
The volatility of late reminds one of latter 2011 and periods of 2010, 2009, and 2008. Â I mentioned this area of ‘white noise’ between 1370 to 1390. Â We can even expand that down 10 points to 1360ish as the market has bottomed at the high 1358s twice in the month of April. Â Since last Thursday we have traveled the entire length of that range down (thru Monday morning) and now all the way back up. Â
In sum, the index is right back to where it was at the highs Thursday… but the trip getting there has been neck snapping.
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