It's said that All Hallows' Eve is one of the nights when the veil between the worlds is thin – and whether you believe in such things or not, those roaming spirits probably believe in you, or at least acknowledge your existence, considering that it used to be their own. Even the air feels different on Halloween, autumn-crisp and bright.
– Erin Morgenstern
An inside day and a little profit-taking on the echo high in-line with expectations.
Expect further bobbing about within the upper range as the market re-charges and waits for another catalyst to provide direction.
Notice that the averages are playing catch up and there is the growing possibility of a squeeze.
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.