Thursday, November 7, 2013

Confusing day - no trades

For the better part of the day, I just can't seem to figure out what the market was up to. I had my trend and support/resistance lines all over the place. I was constantly rearranging them, but none seemed to fit properly. Missed out on a few trades, as a result. By the time I had, what I believe were the correct main lines in place, it was already 2 PM. Better to just sit on my hands, as I just wasn't comfortable with today's price action.

E-mini S&P 500 Futures chart for Thursday 11/7/13
ES chart 11/7/13

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