🚨 I’ll be live at 2:30 p.m. ET with Alex Reid🚨
We’ll cover the $100 oil shockwave, the 600-point Dow plunge, how to profit by selling overpriced doomsday contracts and more [tap to join us for Profit Panel]
Some days, the market just doesn’t want to cooperate. I’ve been watching the action this week, and it’s been boring — not calm, not directional, just that frustrating, whipsaw kind of boring where nothing wants to stick.
At this point, it almost feels personal. The market is being stupid — it doesn’t want to go anywhere. And when price action gets stuck like this, it’s less about your strategy and more about recognizing when you’re dealing with conditions that simply refuse to trend.
So today we’ll discuss what this looks like from the inside.
The Nowhere Burger Pattern
At the open on Wednesday, the Nasdaq 100 (QQQ) moved up, then dropped to a morning low, which is fine — that’s standard volatility.
But from there, the whole thing turned into a classic nowhere burger. It would rally, fail, roll over, then refuse to break down. Just chop layered onto chop.
One of the things that made this mess even more obvious is how the bigger technical levels came into play.
We were watching the 100-day moving average because a close below that can signal a real regime shift. When a market sits right on top of levels like that but refuses to commit in either direction, it tells you traders are waiting for clarity before they’ll push anything meaningfully.
That’s the exact environment where even the best sleeper cell setups keep triggering then failing — not because they’re bad trades but because the broader tape is too undecided to support follow-through.
When the Market Just Waits
Right now the whole market feels like it’s pausing to figure out whether this is just a short-term pullback or the start of something bigger.
That waiting game creates an emotional undertone that’s hard to ignore. You can feel it: Traders want to move, setups want to move, but QQQ refuses to show its hand.
And when the market gets chewy like this, the smartest move is to respect the indecision: smaller sizing, faster profit-taking and tighter risk.
A lot of times it’s not about predicting the next big swing — it’s about keeping your powder dry until the tape stops acting like it’s stuck in wet cement.
The good news is these phases never last forever. Once the market finally decides whether it wants to reclaim key levels or break through them, the setups that look terrible now will start behaving again.
But until that happens, there’s no reason to force anything just to feel active.
Patience is a position too — especially when the market doesn’t want to go anywhere.
👉 Click here to join Profit Panel at 2:30 p.m. ET on weekdays!
Geof Smith
Geof Smith TradingÂ
Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
- Telegram: https://t.me/+lm8_Nq3Su104NmFh
- YouTube: https://www.youtube.com/@FinancialWars
Important Note: No one from the ProsperityPub team or Geof Smith Trading will ever contact you directly on Telegram.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.Â
P.S. Why the Price of Silver Could Rise Steeply
The pressure is on Fed Chair nominee Kevin Warsh to drastically lower interest rates.
Historically, this directly impacts silver prices and I doubt this time would be an exception.
I already have plans in place to play this move while it happens…
Disclaimer: We develop tools and strategies to the best of our ability, but no one can guarantee the future. There is always a risk of loss when trading past performance is not indicative of future results. Since LIVE trading began on 9/18/25, there have been 18 trades, with 15 winners and three still open, continuing the undefeated streak. In LIVE trading, the average return has been 32.05% and the average hold time has been 16 days.Â
