Daily Wrap January 5th 2015
Neutral choppy day with potential bullish setup
Neutral choppy day with potential bullish setup
Daily market wrap posted to Youtube channel, divergences on weak holiday volume is the theme.
Today’s action was all about rolling futures contracts, where traders are exiting positions on December contracts and entering positions on the March contract, or are simply trading spread plays (the difference in price between the Dec and Mar contracts). Usually, during roll events, we are trendless, but have a fairly wide range which exactly describes …