NR7 narrow range day
SPY traced out a NR7 day yesterday and closed down 0.33%.
Lack of institutions participation meant a trendless day as locals took charge.
Advance-Decline line has made a new high.
Index usually follows the ADL trend.
Expecting higher prices in the weeks ahead.
ES futes are green as of now and SPY s open will be marginally green.
NR7 has compressed the markets further.
Explosive moves in near future happen after such events.
Lack of institutions participation meant a trendless day as locals took charge.
Advance-Decline line has made a new high.
Index usually follows the ADL trend.
Expecting higher prices in the weeks ahead.
ES futes are green as of now and SPY s open will be marginally green.
NR7 has compressed the markets further.
Explosive moves in near future happen after such events.
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