No matter the rally, no matter the sell-off, this market simply can sustain a move and create something of significance for traders.
The market remains confined in a tightly drawn triangle pattern that is marked by the August highs and the September lows. The range keeps getting more and more narrow, and eventually you are going to have to see a move that sustains itself in dramatic fashion.
The only problem is that right now it has yet to be seen. You have the market seeing a moderate amount of bearishness today, but the bulls could easily change that with an end of day ramp like we have seen a millions times before. But even more than that, the market has shown zero-willingness to continue rallying, even on the best of news, nor keep selling off on the worst of news.
So it leaves traders in a quagmire, and it is best that you stay trading small… don’t use up all your cash on this market and keep a healthy stash of capital ready to deploy once things gets interesting.
Here are the long setups you should be following:
