So this range-bound wash trading is very interesting. It seems that for whatever reason, the futures market is intent on controlling the price within a narrow bound.
Good thing, or bad?
In my mind..whales are still accumulating...so its good imho. I dont know if I would go so far as to say we are coiling again...but there seems to be some compression in the ask walls. I am calling for a nice little spike within 36 hours.
My call: I don't think the price will move significantly until after close of business Friday. And then it'll bounce around on the weekend, only to come back to same price level on Monday.
Same as last weekend.