Take a look at the daily and you will clearly see that its been stuck in equilibrium for some time (approx 23 days).
In this situation you are best to set alerts at the extremes of the trading range (as i have done with the red and green horizontal boxes). When and if an alertis triggered you can check to see if a intraday set-up is materializing.
However, there is a plethora of other options to trade. Take a look at other future. S&P is hittingh a LOT of demand and it appears as if they are positioning to the long side for another leg.
Keep your trading easy. There is no reason to make it more challenging that it already is. Trading within a trading range is higher risk and requires higher skill (IMO).. even if you are highly skilled and patient, why mess with something risky? The goal is to make money... period.
You wont get any cool points for taking more risk. Its your wallet at stake, no one else's.
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA* Sam Seiden (supply and demand)
Read the ticker dot com
Wyckoff analytics
PsychFX
MentFX
Element 15 trades (bitchute/odessy)
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)
In this situation you are best to set alerts at the extremes of the trading range (as i have done with the red and green horizontal boxes). When and if an alertis triggered you can check to see if a intraday set-up is materializing.
However, there is a plethora of other options to trade. Take a look at other future. S&P is hittingh a LOT of demand and it appears as if they are positioning to the long side for another leg.
Keep your trading easy. There is no reason to make it more challenging that it already is. Trading within a trading range is higher risk and requires higher skill (IMO).. even if you are highly skilled and patient, why mess with something risky? The goal is to make money... period.
You wont get any cool points for taking more risk. Its your wallet at stake, no one else's.
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA* Sam Seiden (supply and demand)
Read the ticker dot com
Wyckoff analytics
PsychFX
MentFX
Element 15 trades (bitchute/odessy)
Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)