Traders are getting trapped in both directions with this action. NQ relative weakness like mentioned earlier have been an early warning against the long side for a while now. Yet, my view is that we're basing out here now for the day.
They're just out to gun the stops and weed out all the weak hands before starting the rally in earnest. My only concern is some shock factor, like NFP coming in worse than expected, that could tip the point. Other than that, it's all kumbaya!
Back above the mid point and VWAP. NQ moving a bit, too. Not convinced until we get a good thrust above 3932, though.
Make that market money, High-Fives to everyone in this thread Master the trade. Don't let the trade master you. Control the trade. Don't let the trade control you. Play the market. Don't let the market play you. Understand the trade. Don't let the understand trade you.