The indices spent the majority of the trading day trading inside the 60 min open. Can you say range based day?
Aside from gold and gold stocks climbing higher through the session, NUGT being the one we called out as being one to watch during this week’s Weekly Outlook video, and TLT barreling higher.
VXXB was unable to close the gap at 33.19 although is still within spitting distance so watch out for that tomorrow.
Watch the video to hear an easy way to identify range based days and how I traded it.
If you’re a bull, today was productive towards repairing the damage from last week as buyers stepped in when they needed
Stay diligent and be responsive to what tomorrow brings.