Sleep In
One of the most boring sessions to date is happening across the equity index futures complex this morning. The SPH has been confined to an 8.00 point range, unable to exceed yesterday’s session high of 1352. Currently we are trading near solid support around 1346. Institutions continue to be strong bids in a very thin trading enviroment. Nobody is reaching out to get filled, rather, just a quiet, holding-type session. Only a break below 1341 would lead to some volatility, but, even then it is likely to be muted.
My advice — don’t trade until the New Year.