Why Buying Today Is Hard

There are several compelling reasons to be hesitant about buying into today’s trade. There are several compelling reasons to be stalking a swing long into today’s tape. Some traders find the ability to separate day-time frame mentality from the swing. Others don’t.  But if you organize your working day to think through both, you may find the result to be a better contextual feel.

We went range extension down by about 10:45am which threw up the caution flag that says we’re playing for neutral at best. But I don’t hate the way we’re trading.

Developing…