I wrote this in the week of Brexit week. As a tape reader, I don’t really care what the pundits are saying. However, during this waiting period, the volatility is very low shoving short-term traders to the sideline.
Meanwhile, the range-bound market does reveal some decent opportunities. SPY shows a resistance at 209.50 earlier in the day. It tumbles to around 208.10. I captured tiny pieces of the move seeing it is not a market to stay long nor short at the moment.
Other than that nothing is exciting to write about.
(Disclaimer: the author wrote this article for himself, and by no means suggest any long/short positions to be held.)