Good afternoon!
I am in utter shock that it is already September; where has the time gone? This means we are nearing end of Q3 and nearly end of 2024! Wow.
This quarter has been nothing short of volatile, making it a lot more fun and challenging. The past two weeks however, we’ve cooled off a bit. There were some decent odds on the table for us to break range this past week and ideally by the 27th/28th but conditions were not met in order to do so. The minimum requirement as I mentioned last week, was breaking 5669.50. Unfortunately we stalled at 5669, which brought us back to the zone/channel/means aka sideways/back and forth.
This wasn’t necessarily the worst thing though. It’s much better off that the market delays if it isn’t ready to break range. We knew if we didn’t break range by the 27th/28th, we could be stuck until a minimum of September 3rd/6th and even as late as September 13th-19th.
So, is this the week? Let’s find out.