Recap Mentioned that it is a wait and see moment. And in fact we have got this outside week that spent most of its time within a tight range. Closed the week near Y-0 at midpoint.
Outlook Outside week closing back into Y-0. 2 weeks in a row around same closing area. Sign of indecision.
Without a strong move moving out of this zone, it will be a difficult market to trade on swing basis.
Daytrading also difficult in this environment unless your focus is straightly scalping.
Overview
Emini overnight range 2174.50 to 2181.50 (at 9:00 am)
Overnight Midpoint 2178.00
Previous Week Close 2177.75
Battleplan for the Day
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Dow 30 Mar 05 to Mar 09 Outlook
Lawrence’s Comment
Mentioned that it is a wait and see moment. And in fact we have got this outside week that spent most of its time within a tight range. Closed the week near Y-0 at midpoint.
Outlook
Outside week closing back into Y-0. 2 weeks in a row around same closing area. Sign of indecision.
Without a strong move moving out of this zone, it will be a difficult market to trade on swing basis.
Daytrading also difficult in this environment unless your focus is straightly scalping.
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