Ahoy there Trader! ☠️
It’s Phil…
SPX and the broader markets remain trapped in a sideways grind, with no significant market-moving news expected soon. Traders should focus on range trading opportunities while exercising patience, as a breakout could happen anytime.
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The SPX and markets continue their sideways saga, just like a ship anchored in calm waters. With no major news in sight, it’s a perfect time to explore range trading opportunities while keeping an eye on potential breakouts.
The SPX is still grinding sideways, holding tight like a ship in a bottle. With no significant market news on the horizon, the dance continues.
- Patience is Key: In this sideways market, being patient is crucial. It’s like waiting for the popcorn to pop.
- Range Trading: Focus on trading within the established range. There are profits to be made, even in calm seas.
- Breakout Anticipation: While we wait for the inevitable breakout, remember: every cloud has a silver lining!
Fun Fact
Did you know that the New York Stock Exchange (NYSE) was founded in 1817? It began as a group of 24 stockbrokers signing an agreement under a buttonwood tree!
Happy trading,
Phil
Less Brain More Gain
…and may your trades be smoother than a cashmere codpiece