It is a chop fest
It has been choppy range from February onward. The market has essentially gone sideways. Every time it tries to breakout sellers show up. Everytime it tries to breakdown byers step in.
Choppy markets like these require patience as ultimately it will break big in either direction. This kind of market can be tough for breakout traders. This requires very short term focus. However some sectors have broken down and setting up for shorts.
No comments:
Post a Comment