Days of Calm

Well Traders, we have had two days of calm in the $NDX on Friday and Monday. These are GREAT days for the trade because they just burn off time value, and we are all about burning off time value.

Here is Friday's chart:

As you can see, the MACD and STO are moving up towards the overbought levels, but still have a few days left before they reaches that. Still plenty of room before my first roll point.

Here is Monday's chart:

As you will note by the candle, there was a pretty good Tug-of-War between the Bulls and the Bears, but at the end of the day, the move was negligible...which I LOVE! Now, five more weeks of this neutral trend, and the February Iron Condor will be golden!

You will notice now that the STO has just about reached the overbought area, which will indicate that a downturn may be near. Based on the current height of the $NDX, we may have a lower high, which may indicate a trend reversal to the Bearish side. We'll just have to wait and see.

Happy Trading!