6/3 - morning scan

• many ugly symmmetrical triangles forming
• many ulgy pullbacks forming
• everything just is in a sideways mode as we drift into summer...and of course its starting with this whipsaw week of light volume memorial week trading
• seems like 1 day up, 1 day down...only true trends or patterns are in the intraday...
• not enough participants and therefore no change of trends...just 1 direction the whole time...not easy to hold longer than 1 day
• looks like we wil drift bullish to side for next few days or even up to a week....market doesn't look ready to breakdown yet
• not many great setups forming
• best ones forming is in FXE and UUP...but don't think they will breakout anytime soon as that will mean a real move to the downside for the market..nobody looks ready to see a big move in the market yet...
• definitely a touch time to trade...