Trader’s Daily Notebook: Maybe, Just Maybe, We’re Nearing a Tipping Point

After ending last week with a pair of inside days, Wednesday’s E-Mini S&P 500 futures auction produced yet another session where the entire regular session’s price range fell within the prior day’s range. And unfortunately, unless you’re a scalper playing for ticks, there’s really not much to do when the entire session’s range only amounts to 7.5 handles.