The S&P 500 has been stuck in a pattern of “Inside Days” since October 10, following President Trump’s tariff threat on China. The index has been trading between 6550.78 and 6762.40 since then, showing a lack of rebound from the initial drop. Bespoke Investment Group co-founder Paul Hickey suggests that this may indicate a pause to recharge rather than a lack of buying interest. Investors are waiting to see if the S&P 500 can break out of this range or if it will continue to be trapped in a narrow trading range.

Read more at Barron’s: The S&P 500 Has Been Trapped in Its Oct. 10 Range. What History Says About ‘Inside Day’ Streaks.