Friday July 26, 2013
Well there Index traders…
The Russell didn’t have it in her today, only to be overshadowed by the nice afternoon gain on the other three indices.
The AM session on the TF offered the best below range momentum drive with all charts lining up on EMA and Heikin Ashi.
The remainder of the session nothing but sputter and inside the range to close just above the range and right below the daily pivot.
While I tend to profess to know one thing and know it well, some days it comes at the expense of not trading the other three indices which for the most part never looked back and up they went.
Not a bad week considering the others have been slow dragging summertime chop on lower than normal volume. It still amazes me the rise in the market but I am not one to figure out why or when it will turn.
I watch my chart. I watch my market internals. I watch my open range.
Simple enough for me.