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.
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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