Market

[Pascal]

I did not expect to see the 20DMF so dull today.
What is this market expecting? When will they push things up? The QQQ Max pain level is $164, which is not that far away. The SPY max pain is 277.5. A little far I believe, but that can be done.

For now, I'll be waiting to add to the long positions.


Pascal

[Pascal]

Market is really non-directional. Large players do not seem to buy today's bounce, while small caps display a negative Money Flow. Maybe some fear regarding bearish FOMC minutes tomorrow.

Large caps energy stocks (XLE) look bullish here.


Pascal