The March Emini continues to coil in a tight "Flag" pattern between 1446 and 1460. This overall pattern is a Flag complete with a Flag Pole and tends to be very bullish. Typically a 2nd Flag matching the existing one occurs. This pattern shows indicision and a market that is waiting for something to decide direction. BUTTTTTTTTTT typically is no guarantee of a repeat. The key is still a continuation of the Flag itself in this tight pattern and then a clear breakout of either number "should" determine direction. A breakdown could also be very ugly as there is very little support all the way down to 1425 which is a long,long ways down. An Option Strangle seems to be the best trading fit with a tight pattern such as this. Why guess...........
