Here’s Why The First Hour Is So Important Now
Rather
than ramble on about how to skillfully navigate this market,
let me be frank, until this trading range is broken,
HVT will be confined to the opening hour. After that, it is purely an
observation game and a time to tend to longer-term positions. That is reality,
folks. It is truly stunning that with all the news on earnings, etc., that the
range cannot be broken. The break of 921 in the S&P futures yesterday was
greeted with a collective, “hmmmmm” by the trading public in general.
So, I continue to sit, ready to deploy
my capital, but in the meantime, I am just not seeing much. Look on the bright
side, eventually the range will be broken, and when it is, there will be ample
opportunities to make up for this quiet stretch.
Support/Resistance Numbers for S&P and Nasdaq Futures |
||||||||||||||||||
|
As always, feel free to send me your
comments and questions.