I know the market seems spastic but this roller coaster action tells me traders are moderating their emotions. Tuesday got traders optimistic. Wednesday made them pessimistic. Continuous selling or buying will be harder to see in the coming weeks. Add to that: earnings season will soon be over and you get a listless summer market with few catalysts. It will go up and down but end up going nowhere.
I think we are range bound between 1050 and 1110 for the next 4 weeks.
Subscribe to:
Post Comments (Atom)
Posts
1 comment:
That guy who sold 12 million in SPY before the close yesterday must be hurtin. :D
Post a Comment