End-of-Month Walk Away?

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Our View

No matter what anyone says...trading the S&P and Nasdaq futures is not easy.

To do it right, you have to have a plan and extreme patience, but that is not easy to do. With so many things going on at once, we never know where the next tape-bomb will come from.

Yesterday after the ES made its high at 4530, it dropped 29 points. At first, I thought I missed a headline or some news, but when I asked the MrTopStep chat, @RealTraderDave said there was no news.

It's those types of moves that change the tone and throw people off their game plan, but as I continue to say, with ~96% of the NYSE volume coming from algorithmic and high-frequency trading programs, this type of stuff should not surprise anyone.

After all, these are not our father's markets or charts, and nor will they be!