Today was A day when the market should have been shut. Basically there is nothing to note about today, and nothing exciting its one of those days you should have gone fishing with the boys or something? LOL
The market did nothing, and is holding for now. As you can see, there is no real reason to start getting bullish or bearish the reason is that we have been stuck in a 30pt range for weeks now.
I was talking with an old colleague today. A man who is not only a VERY GOOD trader, he has won a few awards in this area. We both agreed, that the market repeating a very significant pattern it did several years ago. For now this market needs to break the highs or lows of this range for anyone to get excited.
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