The S & P 500 is trading towards the lower end of its volatility box. Reversion is anticipated with the weekly trend remaining up this shortened holiday and seasonally strong week and a new month.
However, volatility is elevated, and it's feasible the lower bound of the weekly implied move is tested.
Potential catalysts are significant from Fedspeak to key Economic Releases such as the Employment Situation Report to Consumer Confidence and Durable Orders.
Updated Index, Commodity, and Treasury Levels.
Have a great week.
All the best,