Evening Update: Well, that cleared up Nothing

Today’s price action did nothing to clear things up or give some sort of advantage to either the Black or Purple counts. If the Black count is going to play out price needs to breach 3850 and then 3788. For purple to play out, price needs above 3974.

Until then we chop around with no discernable purpose. Not being a day-trader, I refuse to get caught up in this tug of war. I prefer to be a little more patient. I believe we will have a tradeable trend to rely on shortly.

If Black plays out my area of trade interest is approximately 3750, whereas, if purple plays out, my area of trade interest will be 3985-4038.

Best to all,

Chris