Ahoy there Trader! ☠️
It’s Phil…
SPX remains stuck in a tight trading range with no news expected until Thursday. With next week’s packed economic calendar, market movements might stay subdued. Traders should focus on range opportunities while awaiting a breakout.
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SPX continues to dance the cha-cha in a tight range, and with news silence until Thursday, things aren’t changing anytime soon. But don’t despair! We’re here to find those hidden gems in the market!
The lack of market-moving news means we’re in for some sideways action. Think of it as the calm before the storm, where the bulls and bears are having a tea party. ☕️
- Current Focus: Range trading opportunities abound!
- What’s Next?: Waiting for that breakout of the range!
- Upcoming News: A full lineup of red flags next week.
As we hold our breath for that inevitable breakout, remember: tight ranges can lead to exciting trading moments. Get ready to seize the opportunity!
Fun Fact
Did you know that the longest recorded stock market drop lasted for 29 years? It was from 1929 to 1949, known as the Great Depression!
The Great Depression was a significant economic downturn that saw stock prices plummet and unemployment soar. It reshaped financial systems and regulations, leading to the creation of entities like the SEC to protect investors. Despite its harsh impact, it taught vital lessons in market behaviour, risk management, and the importance of economic policies.
Happy trading,
Phil
Less Brain More Gain
…and may your trades be smoother than a cashmere codpiece