Range Possibly Forming 8 Hour 20sma Flattening E-mini Dow Jones Industrial Average Index FuturesCBOT_MINI:YM1!FOMC_GodThis little push up after the May range is looking weak and not a strong, trending move. The 8 hour 20sma is, to me, flattening out. If it is flattening out, I want to buy below and sell above. Drilling down to the 30 minute, I can see two stacked lows ripe for the taking. I will be cautious and look for sell setups in the red area and buy setups down in the green area Two big clues for me that this is now turning into a flat range is the uneven highs and lows. The highs are barely higher than the last and the lows are all over the place. The other clue is fat, spikey moves in both directions. Especially June 1st and June 2nd. The 500 tick spike down followed by an immediate 500 spike up screams range. This is not trending behavior. Because I follow the 8 hour chart as my MAJOR higher time frame reference and because it's 20sma is now flattening out, I am turning range bound. Because I am now looking for range bound setups, I want to buy below and sell above the flat 8 Hour 20sma. These are my rules. I will link my prior post on my strategy to better explain what rules I am referring to.