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Saturday, April 20, 2024

We Will Trade In A Range Through The End Of The Year

As expected, we had a lot of movement this week due to a full economic calendar. My thesis from last week is still intact. I feel we will be in a trading range for the rest of the year. As we move into the holidays, I suspect that volume will lessen as traders spend time with their family. Tax uncertainty still lingers and we may have positions closing in 2010 to capture tax certainty rather than speculating on what the rates may be going forward.

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