For the past few months there's been an ongoing sense of deja vu...

For the past few months there's been an ongoing sense of deja vu about the XJO. It feels like we've been here before.. Actually several times just recently. Might as well put up an old weekly chart from a couple weeks ago cause a new one wont look much better - same difference, different day, less 2pts.



It's feeling harder and harder to get excited about this market until something actually happens and we see a BO from the range. I think when it does happen - the amount of pent-up energy released will be spectacular, one way or another.

Longer-term trend-following TA's hate markets like these, cause there ain't no trend and there hasn't been one for a loong time. Weekly momentum remains increasingly bearish, however less than previously. Happier days ahead.. GLTA.