I thought I’d wait until after the close today – hoping that “perhaps” there might be something a little more interesting or exciting to chat about. Low and behold…..not.
Today being the 15th trading day with the SP 500 still flopping back n fourth – in range.
Gold putting in some “constructive” moves but certainly nothing to write home about, and the US Dollar’s upward move has “for now” run a little low on steam.
Japan’s Nikkei has also continued to trade in range, unable to get back over that magical 16,000.
What’s changed? What’s new? Absolutely nothing as price action continues to trade sideways day in and day out. There is absolutely nothing you can do about it, just accept it and do your best to remain calm, focused, and don’t get lulled to sleep.
Markets have a tendency to “jump up and punch you in the face” at the most “inopportune time” so…..keep those eyes peeled and maybe “just maybe” we’ll see some fireworks here soon.