The recent choppy market action has kept strong overnight edges at bay. Thursday was no exception. Below is a look at the Odds Sheet as it stood near the close.
Thursday was the 2nd day in a row with an all-white Odds Sheet. All-white means nothing met the Overnight Edges standard min criteria for a possible long or short trade. With the EdgeFinder also blank there just was not a good reason for me to take an overnight position. So I sat out once again.
That turned out to be the right decision as ES gapped down again – this time 3.50 points. NQ had an even more difficult night as it gapped down 10.50 points.
While action has been dull lately, tonight could bring about some interesting odds. I have already sent a special report to subscribers detailing why.
Good luck if you trade tonight, and rest easy!
New to the Odds Sheets? Check out this video for a detailed explanation.
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