#NIFTY spent almost the entire month of May inside the cloud.
Now on the last day… it’s attempting a breakdown.
Classic sideways market behaviour:
• Price trapped inside cloud for weeks
• Future cloud turned green… but drifting downward, not expanding higher
People say “sideways markets are easy money.”
Usually said by:
Option writers collecting theta
People who don’t actually trade discretionary setups
Reality?
Sideways markets destroy trend traders, fake out breakout traders, and punish impatience.
The hardest markets are not bearish or bullish.
They’re directionless.