Well, most of the trading day has been spent in a 2 point /ES range (!) as traders just grind around, trying to figure out what the market is going to do next, if anything……..
My heartfelt apologies for bringing up SLV (the silver ETF) again, but I really, really like this chart. I lost a little on it last week, but I'm back for more punishment. I've got a stop set above today's high, and I continue to think this ETF is a good indicator of general market direction these days.
