On the range

Oh, give me a home where the Buffalo roam
Where the Deer and the Antelope play;
Where seldom is heard a discouraging word,
And the sky is not cloudy all day.
Home, home on the range…

– Dr. Brewster Higley (1872)

Market very much trapped within the chopshop range, and yet another failed Buy Signal sold into.
Buy at the bottom of the channel and sell at the top until proven otherwise.
Vix moves up significantly. The oscillators improve a little.

Chart of S&P 500 for 11 April 2017

Be prepared for whatever comes next:

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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.

 

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