| Weekly Trend: | Neutral |
|
| Daily Trend: | Down |
|
| Daily Momentum: | ___ | Neutral |
80 days. That’s how long this market has been stuck in a 300-point range, about 6.75% maximum rotation from top to bottom and back again. We need to go back to mid 2006 to get a comparative example and prior to that late 2002. We can therefore assume that, albeit rare, we’ve traveled this route before and will no doubt travel it again. For trend following, and even swing trading, it can make life very frustrating and difficult. However, on the basis that it has happened before we need to be able to push through and get to the better trends on the other side. Tomorrows direction is anyone’s guess.
Note: We’re about to start adding in futures and FX setups within the Global Power Setups area (formally US Power Setups).
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