Markets Showing Low Volatility and A Whole Lot Of Chop

Yet another low volatility day with plenty of chop. As of the middle of the day on March 16th, the trading range of the SPY ETF, which is a an ETF that tracks the S&P 500, was smaller than it was in the last five trading sessions. Clearly the markets are poised for a breakout, but it’s hard to say in which direction. However, the general range that the market is most likely to remain in is clear. Here’s what to expect.