Afternoon,

The market was not very cooperative today as it spent most of the day in a side ways base.

The first trade of the day was a trend line break below the 56 EMA followed by a trader’s trick set-up. The time of the day was 9:18 am CST with a short entry of 450.60.

The next trade os the day was another trend line break above the 56 EMA followed by another trader’s trick set-up. The trade was up 1.50 points and the stop was moved to break even. The trade broke even. Here is the chart for trade 1 and 2.

Trade 1 and 2

Click on chart to enlarge.

The rest of the day the market spent in a side ways base. Here is the chart for the sideways base. Notice how price moved back and forth through the 56 EMA.

Side Ways Base

Click on chart to enlarge.

So today was more difficult than usual as the market did not trend. Tomorrow is another day with more fun at the fishing pond.

Best regards,

Ron

This is not a solicitation to buy or sell. 
There is a risk in any investment