In the past 5 trading days, actually, the index stayed within extremely narrow range, with daily fluctuation of between 0.1% and 0.27%. For that matter, the index has been basically flat since June 1. Today's close was 0.21% above June 1's close.
If you look at the chart, you may notice that other technical indicators are flat-lining. Volume remain constant and relatively low, RSI is literally flat-lining, money flow is hugging the zero-line.
Now... what...?? Any fresh ideas?
Instead of up or down, how about simply flat-lining the market indefinitely? That should be possible with those super-fast, super-numerous computer tradings by the usual suspects.
(Why bother even opening the market and trading every day? I guess for the sake of appearance...)
No comments:
Post a Comment