NQ1!, Swinging Within the Recent Balance.

The market did absolutely nothing today from perspective of the recent balance resolution. This is a sign of a holding pattern. Perhaps, tomorrow’s Feds chairman speech is something the participants are waiting. Nevertheless, both short and long opportunities were available during the day session. Luckily, the volatility stays.

Watch the recent balance edges. A decisive breakout could lead to a trending pattern.

8/22/2019