Markets alternate between two states: trending and consolidating. Consolidation is the range – overlapping candles, shrinking daily ranges, volume drying up – and it frustrates most traders because nothing seems to work. It should excite them instead. Volatility is cyclical: a period of contraction is almost always followed by expansion, and the range tells you…
Syria strikes effects on market are erased before the market opens. Looking at the overnight price action on the S&P500 emini futures after the US air strike on Syria. It seems the markets have absorbed the shock and it is business as usual. 2335 is major support, and the US strike only effected the overnight…
SP500 bull market- key price support on a bull run that just won’t correct. Looking at the S&P500 futures market you would think this bull run will never stop. Even the big institutional shorts that were on from when Trump was elected have bailed and on the buying band wagon. I can understand the enthusiasm…
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