Low volume (1.4 million contracts), low range (9.25 points), inside and down day. Signaling indecision and certainly no rushing for the doors. Looks like we’re in for a very quiet couple of days waiting for the FOMC policy statement on Wednesday afternoon.
Swing Trading Oscillators (Emini daily)
Quick update on my swing trading oscillators. They have all turned down but have not reached over-sold levels yet. The TRIN Oscillator is leading the way down (as usual) and has reached -41. The Smart Money Oscillator is slowest (again, as usual) and is still up at +57.
Good luck with your Emini trading.