A Day of Indecision

A choppy day of indecision left this trader on the sideline most of the day. The market isn’t giving clues on direction yet, and closes on the trend line. Is this simply a retest of that line, or will we see a failed breakout? I agree with Aaron of GrowYourFunds.com. He left a comment on last night’s post.

“I think the most interesting action will be when investors and traders come back after the holiday weekend. Beginning Tuesday it should be expected there will be some more volume on the exchanges, and a more clear trend in stocks may be established.”

Maybe I’ll take a 4-day weekend.