Afternoon,

Well, so much for follow through. Today was another difficult day to trade. The first chart shows the side ways base that the day started with. Here is the chart.

Side Ways Base

Click on chart to enlarge.

The market finally broke to the upside but with no entry. The market finally broke to the down side and there was a potential trader’s trick set-up. There was a trend line break and the short entry was right above the 56 EMA so the trade was not valid. There was another trader’s trick after a trend line break with a short entry of 719.70 at 13:39 pm CST. Here is the chart for trade 1 and the potential trade.

Trade 1 and Potential Trader’s Trick

Click on chart to enlarge.

I guess that the market is still trying to decide which way it is going to go. This makes trading frustrating and difficult. At some point it will change…just not today as hoped.

Have a great evening.

Best regards,

Ron

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