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Ignoring gravity, the S&P500 showed a lot of upward pressure on Monday.
Looking at the Nasdaq 100, you can see that the market is on the precipice of trying to break out for a big move.
The S&P 500 experienced a slight retreat early in Tuesday's trading session, as traders returned from the Martin Luther King Jr. holiday in the United States.
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The S&P 500 had a rather subdued electronic trading session overnight due to the observance of Martin Luther King Jr. Day in the United States, which kept the underlying index closed for regular trading.
The Dow Jones Industrial Average pulled back rather significantly later in the day after initially rallying due to a weaker than anticipated PPI number.
The S&P 500 displayed a back-and-forth pattern, with the 4800 level proving to be a significant resistance point.
The S&P 500 exhibited notable volatility during Thursday's trading session, prompted by the release of the Consumer Price Index (CPI) data, which registered slightly higher than Wall Street's preference.
The S&P 500 index is currently treading cautiously, showing reluctance to make significant moves early on Wednesday.
The S&P 500 had been somewhat hesitant to make a move during the early hours on Monday, as we are hanging around the 4700 level.
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The S&P 500 encountered initial downward movement during Friday's trading session.
The Nasdaq 100 dropped a bit early on Thursday as we continue to see a bit of profit taking overall.
The S&P 500 exhibited limited activity during Thursday's trading session, maintaining a position near the 4,700 level.
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Sign up to get the latest market updates and free signals directly to your inbox.The S&P 500 displayed an initial attempt at an overnight rally during Tuesday's electronic trading, but this endeavor ultimately crumbled.
Friday's trading session demonstrated initial attempts to stage a rally. However, the 4,800-level proved to be an insurmountable hurdle.
The S&P 500 market exhibited a degree of stagnation in Wednesday's trading session, primarily due to the persistent resistance encountered at the 4800 level.