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    Complacency

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    mrtopstep

    by mrtopstep

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    Are traders becoming too comfortable with the early morning weakness in the equities - followed by the grind sideways to higher? Is this price action basing for another leg higher? There are certainly plenty of questions to be answered, but the geopolitical news of late has not been able to knock the bull off pace. More European Union / Greece progress lend support, but news of another strike is a joke. Throw in the less than impressive earnings thus far, the the global fundamentals up tick and we are left with a mixed bag of news. Many of the bears are not only waiting for a downside catalyst, but are wisely waiting for a technical breakdown for confirmation - until then, we may see more of the same.

    **Filmed on the trading floor at the CME Group. Produced by MrTopStep Productions.