Stuck
S&Ps are stuck in a range between 1226 and 1222. The best place in this scenario is on the sidelines.
As we’ve seen thus far this morning, the market has had difficulty finding buyers above 1225 or sellers below 1222. Without a breakout, there is not much a trader can do.
A quiet, summertime trade in the Nasdaq market as well today. The market continues to chop around between 1733 and 1743. Once again, we’d have to get above 1753 to get some short-term interest going.