Markets – Macro – Technicals

Trading Memes: There Are No Triple Tops

It matters not what happens during the week. It only matters what happens late Friday afternoon, that’s when algos paint the record weekly close. The week was dominated by very tight range trading with the largest price moves dominated by news events: The Fed remaining “patient” and Greece being “resolved”. Both news flashes of course being kick the can events.

Traders were forced to sit on their hands and were best served finding short and long entries with a focus on very short time frames:

SPX 15 min

That’s what we did anyways and find humor in it all along the way. Here’s a collection of tweets over the past week poking fun at the world. Previous weeks’ editions can be found here.

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1 Response »

  1. LOL…enuf said!

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