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3 Weeks Flagging

The SPDR S&P 500 ETF Trust (SPY) is going on its third week of sideways action. Is it bullish or bearish?

This opens up lots of questions: Don’t short a quiet market? Are buyers not interested in it at all?

It’s difficult to say I have any strong clues right now, but I find the iShares Semiconductor ETF (SOXX) and its channel to be something to keep an eye on. Let’s take a look:

Continued volatility is the topic of the new year as the stock market sorts through more economic reports that can influence price action. How do you trade this market through the end of the year? Members of my Moxie Indicator™ Mastery Program learn how to combine fast-moving signals and track movement as the market flips and flops in the volatility. Join us as we track the profit opportunities!

Your Profit Pilot, TG

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