Wednesday, January 15, 2014

Intraday Range to be broken?

I mentioned earlier today's intraday range as the market has been largely lateral - sideways most of the day and has created a range, I mentioned because it;'s so common that a break of that range is probable.

There's a small intraday 1 min positive in index futures and a couple of the averages too so I think this is likely

I see some slight negative in VXX so it looks like they may try to push that down to break that range, that should be interesting as an opportunity, a possible opportunity for puts, etc.

I'll give you Leading Indicators next.

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