The market continues to drift sideways and balance within a small range 1443.50 to 1462.25. Looking at the overnight trade this morning shows that the S&P's are mostly long. If we continue higher - the destination becomes 1462.25. More often than not there is an inventory adjustment off the opening to rebalance the overnite inventory. Re-entering yesterday's range targets the POC at 1448.50. Confidence is low in either direction.
No comments:
Post a Comment