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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 681.43+1.6%4:00 PM EST

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To: Johnny Canuck who wrote (52941)5/26/2020 11:08:10 PM
From: Johnny Canuck  Read Replies (1) of 67804
 
Be careful out there. The indices looking like they are struggling to get out of the sideways trading range. They seem to barely eke out a gain above the range to give it back again the next day. They is no momentum right now which indicates a lack of conviction from traders. The means pent up demand that will gap up on some event or an equally hard fall from gravity due to bad news or just a lack of news.

Will try to post charts later if I have time.

Summer doldrum season just started normally a good time to just move to the sidelines.
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