If you've been following this market over the last two trading sessions there are probably a millions things that you can think of that would be more productive than watching the current state of price action.
- Watching grass grow
- Watching paint dry
- Watching Jim Cramer
- No wait, no....I don't wish Jim Cramer on anybody.
You get the point. The market isn't providing many opportunities right now. I am 20% short and finally the market is making a little bit of a move here in the final hour of trading to the downside, but even that is questionable until we break out of this 5 minute intraday range shown below.
Essentially wait for a move that takes us above 2055 or below 2048. Those are your rules of engagement, soldier!
(Click on image to enlarge)
Comments
Log in or sign up to join the conversation.