Market Going No-Where

Buyers and sellers are gone, no one control this market now…I don’t know if it’s because of all those news that get released by Bloomberg, about Bank’s corruptions and they debts, job losses more than usual time, But it may scary many investors to keep buying in this Market. The paradox, it’s, every big investors, knows that economies are not doing well at all….and its why is not the best time to buy. But should you sell , when FED are still pumping-Up stocks market with they Q.-easing?

day trading dollars

On this chart, I trace to trend line.

Depending on how you analyse, it may look as

a Head fake, and Dollars will short again very soon

to re-test red area. Or, Buyers who are slowly creating a support

area at very important price area 80.00.

PS: Look how this week, volume from both sides are low!

day trading es

E-Mini ES ( S&P500), are having hard time to decide who should control the market for next weeks. Buyers are moving slowly to 1902.00 price, witch if reached, it will give confidence to buyers to keep buying Stocks.

But if sellers , don’t let buyers close above 1884.00 area, we might see a strong move of sellers show up, and go directly to the “red” trend line.

…This consolidation, won’t last for ever…keep watching who’s in control!