Rest of the story…
Crude oil futures hung sideways all day… bearish to neutral in trend mode before the late-day dip. Sideways muted and rangy thru the entire pit session, with one abrupt swing lower in the aftermarket.
Euro futures likewise made their modest move in the wee morning hours, then a whole lot of nothing much followed. a day of rest for the FX.
S&P 500, just like the TF chart profiled in earlier post today made one lone price swing and that was it.
**
Markets are overall dull and lulled for now. That doesn’t mean opportunity doesn’t exist: it means that you must wait longer to find fewer potentially profitable trades. It means more patience, less trading and more attention turned to other past-times than charts fixation.
You can do quite well for yourself in these markets, if you accept the fact that part-time trading conditions prevail, with most days pretty much finished when the European sessions close near noon.
Overall, each symbol currently offers one – two profitable price swings per day, on average one good opportunity. Whether you hit or miss that execution on a personal basis is irrelevant to the market: that’s all the chance you get. Price is moving from point A to point B more often than not, but seldom B to C in the same given day.
Trade To Win
Austin
