Sloper MarioChalmers posted this very interesting article on the inflation/deflation question, which is crucial. I highly recommend you read it.
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Have Gone Long These Three
Mini-Range
Good morning, Slopers!
Just a quick opening-bell comment: we've got a little pattern between 882 and 898 on the /ES, and a move above or below these levels will be instructive as to the market's direction in the short-term. Indeed, even we if move below 889, that tips the scales in the bears' favor slightly, since it would invalidate the petite inverted H&S pattern we're watching.
I spent all my trading day tightening stops yesterday, so now I'm going to go through my other watch lists to see if I can smoke out any new opportunities.
