Bob Byrne is a full-time private day trader with 15 years' experience. His trading relies on traditional technical analysis and volume profile. His primary focus is on stock-index futures and index exchange-traded funds. In addition to private coaching and mentoring, Bob is also the co-host of a daily trading chat room on His contributions to this or any other site are not to be construed as recommendations to buy or sell stock.Expand

Bob holds a business degree from St. Edward's University in Austin, Texas. He lives in Park City, Utah, with his wife, son and daughter.Collapse

Afternoon bounce follows a decline that seemed to come out of nowhere.
However, an aggressive bullish posture also makes little sense given the lack of sustained upside follow-through.
Gold futures were rejected from all short and intermediate timeframe moving averages.
The recent harsh spotlight on the sector raises the question.
The market isn't doing a good job at trying to auction higher.
Could this be the start of something bigger?
Meanwhile, it's best to avoid oil for the time being.
Let's look at the technicals.
The market's quiet, so we've got to have something to do.
It requires a lot of patience, but it can keep you from over-trading.


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