22pr Gap Up = Early reversal of Very Choppy Open

Yesterday's Power On Close = Strength

Today's Open = Open @ 1213.50 GAP Dn (3.5 pts)
Result = Choppy Open, Very tight range drifter

Today's TREND = Choppy Open, Very tight range drifter.

Today's 15 Minute Close Bar =UP @ 1220.25
Today's Power On Close = Weakness

Daily Volume = 1.7M Below Average Volume

Today's $TICK close = 823

R1 1200 R2 1204 R3 1207  R4 1216

S1 1192(Globex) S2 1191 S3 1186 S4 1180

Daily Market Bias For Tomorrow =  

-1 Moderate/Strong Bear

Daily's are showing some signs of Weakness. The ES closed slightly Up on Low Volume today after what appears to be a hidden Upthrust yesterday. We Had Block Volume printing on this bar as well which may indicate selling pressure. Today could turn out to be a NoD if we get a break below today's lows. Conversely today could be a test in a rising market as we closed off the lows on low volume a potential sign that price is being marked up in a thin market.

The ES.D Volume Profile has printed a b-pattern of sorts that found value at a higher price on the close. The VPOC is 1190 then 1196. The ES profile printed a VPOC of 1198 with a fairly wide symmetry. Early testing will be the key in determining direction for the weekly close.

TRADE OF THE DAY:

There Was NO TOD. Very Choppy, very tight range drifting early with few opportunities. 15 minute view. No clear direction by 7bar zones. Strength is appearing but low probability midday.

HOW I DID TODAY:

TRADE SELECTION - 13 open ice
ENTRY'S - 
EXITS - Not Good.
Self Talk/Mind Chatter: Good, No negativity.
Market Focus & Action: Good, Stayed focused on the Tape and the Background Strength and Weakness. I waited till the 710 bar to take a trade as things just did not line up. Prices was Very Choppy with Probars not holding etc.


WHAT I CAN DO BETTER:
Honor the Rules-Honor the Rules, regardless of what else I do. Be sure to Qualify trades thoroughly. 
SOLUTIONS:
Restate and List the Basic Rules - Keep reminders of the basic rules and study them as well as the qualifying criteria for each entry. This is play book 101. Respect and Honer the Rules.

INTANGIBLE OBSERVATIONS:

Never Take an Ice Breaker that needs to break into new territory before hitting target.


Never take an Ice Breaker Without Seeing the Globex and Pre-open.


Clue to a Choppy Open Is NO activity in the Globex Session.


Pass on Open Ice when things look choppy or when against Resistance without any clear Globex or Pre-open direction.