Arthur Hill over at stockcharts.com notes this massively tight range in the markets. In fact, the weekly bollinger bands are the tightest in 20 years.
Source: stockcharts.com
We've got to be ready for a massive move in the markets. It's coming, but not necessarily immediately. That said, August-October are historically the most volatile months in the markets.
This post may come off as an impending warning of doom. Well, maybe doom is coming, maybe not. What matters most to us as traders is the immense amount of opportunity coming. It's been a great trading environment this summer. Maybe it gets even better.
Many trader's years will be made in the next two and a half months. Be prepared and at the top of your game maybe yours will be too.
Trade 'em well!
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