S&P Daily Pre-Market Prep 9/7/16
Today, we are basically in the same place as yesterday....
Today, we are basically in the same place as yesterday....
Trader slowly drag themselves into the office today after the break. Caffeine drips all round. Diets commenced. Detoxification started. It often takes the market till early next week to pick up but...
Well - we got our break as per yesterdays prep and plenty of people did indeed jump on the move. A couple of very clear opportunities on the way down too - first one was 2 attempts to push up through...
We do seem to be threatening the bottom of the range and this is the first time we've hit the range extreme twice without hitting the other side in between. Volume was up yesterday 1.6 million.Still...
Well - this month won't be missed.
Still in the range, still poor volume. Yesterday was pretty much an inside day. My upside bias still stands as we have hit the bottom of the range and not the top....
Still in the range - we had some nice volatility on Friday but it's settled down now, volume was back to 1.2 million. Labor day in the US is on Monday and usually it's the following week that we get...
Still in the range, we've hit the bottom, so now expecting a move to the top. Possibly a headfake down first.
Very low volume yesterday, just over 1.1 million traded. All my horizontal lines disappeared off my chart too - which means it's probably my lucky day.
Still in the range but now at the top end of it, so looking for a break or a fade back to the bottom of the range. Volume still to the low side.
Well, back to trading, although I can't say I'm overly excited...
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