No matter the rally, no matter the sell-off, this market simply can sustain a move and create something of significance for traders.
The market remains confined in a tightly drawn triangle pattern that is marked by the August highs and the September lows. The range keeps getting more and more narrow, and eventually you are going to have to see a move that sustains itself in dramatic fashion.
Ryan Mallory is the co-founder of SharePlanner Inc, a financial website devoted to Day-Trading, Swing-Trading (both long & short) and exchange-traded funds. Ryan makes a strong emphasis on risk mitigation strategies, trading transparency, and trader education – not to mention a great set of stock screens as well.