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. stock trading rules of engagement

  • 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!

spx range bound trading