Sideways trading

June 23, 2006 · Print This Article

The market continued to trade sideways today and will most likely do much of the same until the FOMC meeting on Thursday at 2:15 PM. All of the major indices are sitting in neutral territory and if they do indeed reach an oversold/overbought state over the coming days look for a possible contrarian move.

I should have all of the details regarding our new strategy QQQQ GAp Fade strategy next week and some other interesting information. Until then, have a wonderful weekend!

RSI Wilder (5) for June 23, 2006