Stocks continue to build BALANCE. The Fed sturm und drang surrounding the Fed meeting resolved nothing as far as the inevitable range expansion in the stock indices are concerned. Remember, markets and market participants are the ultimate arbiters of value. The September auctions in the indices are increasing mature having us alert for the inevitable INITIATIVE (trending move outside the present range of BALANCE).
The soundest practice one can follow in this and similar situations is to favor trades on the price side of the HIGH VOLUME NODE(s).
ES
SPY
NQ
QQQ
TF
IWM
YM
DIA
