Another Minor High

We sort of expected a death-grind-balance-day, and that's just what we got.

Unless something shakes this market up it could do this for days before another volatility expansion finally erupts.

That notwithstanding, there were some good trading opportunities today on the 5 minute if you were able to keep the ADD in check with such low volatility.

So -- today was healthy consolidation for a move higher, or a bearish minor high failure and a range failure probe is in the cards, or we just balance.

As always the market will print a hybrid of any of our scenarios.