Today we Gaped Up 14pts and traded sideways after the 1st Time Interval, The Ranges was very tight so I quite early. This was expected as the news is very light this week and we are still seeing light volume in the early part of the year.
Daily Trade Review
Recap Notes:
Trade Selection - Good i took a 15/5 very early in the momentum direction and exited in a good place as prices stalled after breaking into new highs, The Next trade was a breakout from a 5m support and 15/5 support at the7:00 Time Interval that was good for 1 also. Due to the tight ranges a quite early. 2 sequences
Today's 15m Close: Weakness. Blocks at Resistance EOT from 1285.75-1287
Accumulation Range: Intraday Session: Openning Pro bar 1287, price never traded lower.
Globex: None
Distribution Range: Intraday: 15M PT tight Block closing Up @1291.25-1288.75
Globex: Range Breakout to upside
Today's $TICK Close: +712
INTANGIBLE OBSERVATIONS:
Stay Mindfull of the environment, News and ranges - Be aware of the type of environment im trading in and make adjustments, such as taking 1 or 2 pt off when opportunities are there in a tight range market