Stock index markets are moving in pure, classic QE = POMO fashion just like they did in years of government manipulation past.
Slight dip to begin the morning? Check.
Hours of wedging or consolidation? Check.
Straight- jack upward burst, late morning? Check
Mere minutes of the day’s range total movement? Check.
Hours of wedging or consolidation to follow? Check.
Regardless of who, what or why… that’s simply the way life is right now inside stock index financial markets. With VIX readings near 17 and probable to ebb lower, what else is there to expect?
We do recall how last year’s late-August wildness came out of nowhere. Such market behavior is possible at any time. But for now, stock market traders who insist on banging their heads against brick walls of no price movement all day will find themselves bloody. Frustrated, and bloody.
Emini traders have to work behind extreme patience and extreme discipline during dull market conditions. One cannot force something to happen by sheer will… other than rapid account-balance destruction for those who haplessly try.
Trade To Win
Austin
