A really boring and frustrating market today. The only observation/lesson-learned I have from today is from watching
TLT with
QLD and the
NYSE TICK.
The QLD filled the gap from this morning after 11:00a.m. If you weren't lulled to sleep before then you could have gone long at the apex of the
ascending triangle (cup w.handle on shorter time frame) that formed in the first 1.5 hours with a traget of the gap-fill/previous day's high.
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Also up, I have a 1-min chart w.volume running of TLT (inverse relationship to QLD). Volume jumped at 12:33 this afternoon.
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Which coincided with this chart on a 3-min of QLD. Price tested the morning lows, rounded out before testing the highs again.
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The whole time the NYSE TICK chopped between +/-400.
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