Thusfar an extremely boring day but interesting in terms of pattern. Can't really call this a flag. See that afer the weekend retail (joe public) influx which took YM above pivot R2, market stayed within a ~30pt range. dito in ES which has stayed in 3pt range. Ergo nobody, neither wall street or institutions has shown any interest. Volume continues to be very low. I hear last week's rally was also on suspicious low volume.
Otherwise, quarter-end on Wednesday may provide some further support.
Market keeps whipping around yesterday's value area 10298 - 10318 (70% of yesterdays' volume). I hear volume in 1st hour of trading is very low. It seems that we are waiting for last portfolio adjustments before end-quarter and Frida's employment numbers.
Direction seems settled to me, BG ... Still no real channel confirmation, but staying well within bounds. Right or wrong, you still need parameters/guidelines on which to base decisions. 440 and 450 next res up.
Range bound for the first half and then a nice steady rally into the close. Nice long entry at 332, but forced to close on the ND at 354 was a disapointment...... not being able to get back in again. That's the rules