In times like this, when market is so range bound, it is good to remember Kauffman.
Trade a lot when the market is noisy and trade less when the market is quiet.
If you don't do that, it is hard to clock in the P/L.
However, always keep your eyes opened and take your cue from the entry/exit signals and one cannot be too obstinate or deep pockets are required.
Just as well, without true direction, market is easily spooked, eg., bond returns were the reason for today's spike higher.
The momentum indicators are still having no signs of life and any sudden movement either direction will likely not have too much follow through.
Interim supports are at 1187, 1180.70 & 1177.40 with minor supports at 1178.60, 1168.70 & 1161.50.
Interim resistances are at 1197.70, 1205.80 & 1216.50 with minors at 1196.70, 1208.50 & 1218.50.
The daily/weekly trend changer points are at 1209.10/1215.
https://play.google.com/store/apps/details?id=com.gold.trading.chat
Trade a lot when the market is noisy and trade less when the market is quiet.
If you don't do that, it is hard to clock in the P/L.
However, always keep your eyes opened and take your cue from the entry/exit signals and one cannot be too obstinate or deep pockets are required.
Just as well, without true direction, market is easily spooked, eg., bond returns were the reason for today's spike higher.
The momentum indicators are still having no signs of life and any sudden movement either direction will likely not have too much follow through.
Interim supports are at 1187, 1180.70 & 1177.40 with minor supports at 1178.60, 1168.70 & 1161.50.
Interim resistances are at 1197.70, 1205.80 & 1216.50 with minors at 1196.70, 1208.50 & 1218.50.
The daily/weekly trend changer points are at 1209.10/1215.
https://play.google.com/store/apps/details?id=com.gold.trading.chat
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