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9+ Day Trading Balance

9+ Day Trading Balance

S&P 500 E-MINI FUTURES CME_MINI:ESU2016

The market does only one of two things, it trends and it balances. We have been in a balance for awhile now and usually it breaks out by the seventh day or before. I will be looking to see where price is on Monday and if it opens out of range. If so, it will be wise to jump on board especially if it an open drive, placing an order in the direction of the price movement. We are close to the top right now and it can still go back into the range, so I would wait to see a clear move outside of the range before I placed my order.