Major Indices Finally Breakout of Compressed Trading Range

This week’s trading continued the narrowing trading range, which we had warned about two weeks ago. Finally, today prices seemed to have broken out of the range. For better or worse, the market is seeing today’s unemployment miss as a catalyst to rally. When markets react in a counter intuitive fashion, it is often a pretty strong signal of what’s to come.

Our Model page has been tracking the hypothetical performance, of our NQ 1min/3min guidance chart, for the last 3 years. The model follows results from trading 1 lot, and accounts for $15/trade transaction costs.

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