Ransquawk
Tuesday was a trading range day. It was unusual because limit order traders who managed trades well made money all day, even after strong breakouts.
Tuesday was a trading range day. It was unusual because limit order traders who managed trades well made money all day, even after strong breakouts.

Tuesday was a trading range day. The Emini is trying to be neutral going into the Brexit vote on Thursday. Hence, tomorrow will also likely have a lot of trading range price action. Logic favors the UK staying in the EU, but there is a chance that emotion and stupidity will win. There is a 50% chance of a sharp move up or down, regardless of the vote.


See the weekly update for a discussion of the price action on the weekly candlestick chart and for what to expect going into next week.

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Ransquawk