You hear that?
I certainly do.
“Chop, chop, chop…”
It’s the sound of tilted traders getting chopped up.
It’s a tale as old as time: people playing the market like it’s trending, when it’s nothing more than ping-ponging.
Price is in a really well-defined range, and there’s no point getting hyped by any moves – up or down – before we actually get confirmation of a real break.
This approach of remaining completely neutral has done a great job of protecting us from the tilt of getting chopped up.
Just look at the recent price action.