The markets have been a study in tedium since early spring, and so this session allowed us yet another opportunity to examine the beast in its resting state. On this particular day one could have taken one’s pick as to being long or short Gold or the E-Mini S&Ps. That in itself suggests that only very nimble traders were likely to be rewarded for their efforts. Even so, there were camouflage possibilities in gestation, and these we considered in their subtlest details. Please note that this session runs only 40 minutes due to a scheduling conflict.
