10 July 2014

SP 500 and NDX Futures Daily Charts - Stutter Step

Stocks dumped today then came back in the afternoon.  That is called a 'stutter step' in US football.

This is why I do not like to short a dull market, except in quick advantageous hits, widely interspersed.

We are in a symmetrical triangle on the NDX 100, and we will need to go with whatever way it breaks.  Don't ask me which way it will because I do not know. 

VIX ticked up today. Follow through is everything.

Eyes on late July.

Have a pleasant evening.