For those looking to swing trade this market, I think it is important to read Adam’s post from earlier today, as we are consolidating/coiling in a tightening range each day. Instead of trying to predict which direction this market is going to go (and I don’t care how good of a trader one says he/she is, you simply can’t know at this juncture the direction), the best approach is to probably wait for the triangle to break in one direction or the other.
Stocks