The Bulls, The Bears, Everybody. It is almost impossible to hold a trade in here with any confidence. The markets are susceptible to any news at a whim. This is what we call a "Meat Grinder". Everybody loses. We will be looking to abandon our TVIX trade soon. It is giving us a headache. The news and fundamentals continue to weaken while the traders are bidding up prices- or at least the computers are. They are really trying to get the "shorts" out of the market or they are just playing the range.It hit the bottom of the range (11,000) and will go up to 11,200 because...well..thats what computer programs do in range markets;) Silly us for not playing the range- the news gets in the way.
Range: 10,800- 12,500
Posssible new Range: 10,800-12,000
