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We have been stuck in the same range since August, and today we moved less than 26 points. Squeezes are stacking across the board, but the weekly Bollinger Bands are flat and momentum is showing exhaustion, so I am taking the Fed runup profits and waiting for either the break or a pullback. I also walk through an XOM scalp off the $163.54 Divergent Bar target.
Ranges like this one are where most traders give back their gains, and precision is the only thing that fixes it. Jon and Mel go live tomorrow night, Wednesday, September 23, at 6 PM CT to discuss the Trendy Precision indicator. Come see how to time an entry when the tape will not give you a clean one.