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Plausible trade? Interest rates on 10 yr hiked up!

5 min Emini Nasdaq 100

Hi,
Is there a trade today?
The highlighted region in the figure above shows a plausible,, but ,,, I did not take it.. Reason?

Short-term MACD is too near the zero line and price movement is too sluggish... By experience I knew that there is a more than 50% chance that today is going to be a ranging day..

Furthermore, if you look at S&P Emini, Volume is below 10,000... This really suggests a weak start and lack of interest among the participants...

Is the market brewing for something even bigger to come? I don't know, let's wait and see.

Posted by Michael Taylor on June 11, 2007 3:22 PM |

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