Good Afternoon. Short update on what’s been happening in the markets – it’s been a bit of a slow day, with not much exciting price action to report. There was a GDP report this morning and some initial jobless claims, but otherwise things have been pretty boring. Overall, seems like a good day to sit on the sidelines, observe, and practice patience. 🥱 💤
- As we mentioned, nothing exciting about today’s action. Since Tuesday we have been stuck in a range between a few moving average’s.
- Currently Nasdaq futures sitting below the 8 and 21 day M.A’s but has respected the 50 day yesterday and today.
- Sitting was the move today, no need to force a trade in a choppy environment.
Nothing exciting to report today, tomorrow is Friday typically a day I prefer to trade. Ill be watching to see how futures develop overnight and will reassess our moves then. See you in the morning!
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