Technical Strategy | Jonathan Krisnky, CMT, Managing Director, Chief Market Technician | September 5th, 2016 (Read Report)

While the S&P 500 has traded sideways for the last seven weeks, there have been clear winners and losers below the surface.
The net result, however, is the daily Bollinger Bands for the SPX are virtually as narrow as they have ever been, with only 1964-65 and 1995 having been narrower.