Mr. B going to chillax for awhile.
Looks like the NYMO cycle low may be in.
We are above the zero line this morning and we have a higher low and higher high.
I want to see a positive close, preferably two to confirm.
Price is back to the middle keltner and about to close an open up gap target.
We have gaps above and below from trade so far this month. Messy!
There are certain markets I like to call shake and bake.
Stops get run on both longs and shorts at least once and perhaps multiple times in a rectangular or broadening pattern.
Last week seemed to fit that bill.
My attitude is that such times are Mr. Market clearing the decks and rattling nerves before delivering the move that is waiting in the cards.
Maybe it starts soon. Maybe it starts after Labor Day (after some more fakes), but there is a move lurking out there.
Let's see what happens.
I am still flat and thinking about some vacation.
So, my plan is to do nothing unless I get a compelling setup.
Given event flow ahead, that is possible but I kinda hope nothing consequential happens...