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The Dow has been bound between 9000 and 9300 – give or take – for almost two months now hitting a low of 8999 during the week. It has been feigning a continuing rally, which so far has been thwarted.
Trading Tutors has a large number of readers who trade futures, so in response to many requests I am reviewing some futures markets to quickly scan for interesting emerging trends.
US “good news” economic reports arrived at the end of the weekend and the markets came off.
When considering the options market the trader faces the choice of either the local Australian market or the U.S. Options market.
The US markets partied big time last Friday showing no signs of wanting to ease up.