![Grand Teton Sunrise [3840x2160] : r/wallpapers](https://substackcdn.com/image/fetch/$s_!W7G3!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc505b096-bf36-435f-b218-ce254d02fd4f_3840x2160.jpeg "Grand Teton Sunrise [3840x2160] : r/wallpapers")
Welcome back everyone!
Once again, institutions are displaying zero interest in the markets, and we find ourselves stuck in a range-bound situation with a slight uptick in prices. As I discussed yesterday, my belief is that short positions are accumulating in the Nasdaq, which is causing prices to stabilize rather than surging to new highs. This situation may change if commercials on the COT report start unloading these short positions, but I do not anticipate this as a favorable outcome. Apart from this, there is no significant new development since I sent out Flow State #58 earlier this week. Unless we witness a robust breakout from the current range, I expect the remainder of this week to progress at a slower pace, particularly on Thursday and Friday.
If I were to direct your attention to specific areas of the market, I would suggest keeping an eye on Gold and Oil futures, as well as the primary stocks listed in the daily levels provided at the end of this newsletter.
Breaking Down the Profile
S&P500 (ES)
