- From August 2017 to December the S and P 500 index was in a bullish channel as analysed in the daily chart above
 - There was a breakout from the channel is January 2017 on the upside
 - However huge volatility  in the current trading of the index as indicated by the ATR reading. There is a huge spike in the ART reading in February 2018
 - The volatility is likely to continue
 
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