Range bound action | stockbee

5/06/2014

Range bound action

The market is now stuck in range bound action. Especially the large cap indexes have formed a range just near their yearly high.


S&P


DJ-30

The Nasdaq and small caps are trying to stabilize after 8% correction. 

The range bound action leads to smaller moves after breakouts  or breakdowns. Which needs tactical adujstment in terms of smaller target or anticipation entries. 

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