Can't help but wonder when the news outlets will run the usual....China trade talks so encouraging movement....or something like that...Friday and Sunday are notorious for this.
Been moving sideways for over 24 hours, watch for a break out to new highs. It will happen just wait.
Everything will be spun as bullish. Strong data is good because it keeps the FOMC from raising. Weak economic data is good because the FOMC may cut.
In this environment of tight ranges, you have to figure out how to trade it and capture some profits. Or find something else to do.
With the VIX making new YTD lows, and our trading ranges getting tighter, sometimes you just gotta use a little more leverage and capture the small moves. I can't change the market, so adapt, or find something else to do.