The bulls failed to initially follow-through to the upside after yesterday’s reversal. Where the higher low thesis from Friday is still in play for the bulls, there is not much to do here since the price range is now narrowing for the week, as you can see below on the SPY. Even if your account has not blown up in May, being chopped to pieces in this type of low probability environment can wreak havoc on your emotional capital. The time is running out for a nice bounce into the long, Memorial Day weekend, and the bulls had better arrive soon.
Don’t force in those trades out of boredom or hubris. Let the market come to you once this chop resolves.
3 Responses to Intraday Look and Analysis: Don’t Be a Sadist
Hah! OK, even I will like this girlie pic
Where do you find all these pics? Nice.