Morning Ideas October 12, 2021
Hey Traders!
Market still feels heavy even though we are trading in this big developing zone. Yesterday was another day that we attempted higher in the AM and were unable to hold on, just to see the market come falling back almost 100 points from top to bottom.
I think the volatility is here to stay and we will continue to see the large swings like we did yesterday. I am going to take a neutral stance here as we are in the middle of the zone.
Market still feels heavy even though we are trading in this big developing zone. Yesterday was another day that we attempted higher in the AM and were unable to hold on, just to see the market come falling back almost 100 points from top to bottom.
I think the volatility is here to stay and we will continue to see the large swings like we did yesterday. I am going to take a neutral stance here as we are in the middle of the zone.