If you’ve been following this market over the last two trading sessions there are probably a millions things that you can think of that would be more productive than watching the current state of price action.
- Watching grass grow
- Watching paint dry
- Watching Jim Cramer
– No wait, no….I don’t wish Jim Cramer on anybody.
You get the point. The market isn’t providing many opportunities right now. I am 20% short and finally the market is making a little bit of a move here in the final hour of trading to the downside, but even that is questionable until we break out of this 5 minute intraday range shown below.
Essentially wait for a move that takes us above 2055 or below 2048. Those are your rules of engagement, soldier!