Annoying with a Capital A

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One would be hard-pressed, I think, to find any trader – be they bull or bear – who is in love with 2014 so far. Below is a simplified chart of the ES for the year so far. As you can see, we’ve gone absolutely nowhere. If the market rips higher, it just sells off. If the market plunges (as it did, as so often before, this morning), it simply recovers. Only the most nimble (and fortunate) ES traders are thriving. For the rest of us…….this kind of action gets old pretty quickly……