The market meandered in mid channel as Scam Week pinning bots worked furiously throughout the day to prevent follow through in either direction. This is common during options expiration, but there are also those days where a big hedge being unwound can cause large price dislocations. As long as the action takes place within the recent trading range, it’s all static and noise within the bigger picture. But if the range is broken, it should signal the beginning of a bigger move. Click here to download complete report in pdf format (Professional Edition Subscribers).
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