I thought that a lot of today's action, especially in the morning, in this relatively narrow range was similar to trying to catch a Knuckle Ball. I was never really sure where the market wanted to go. We did get some good downward trends, three 5-minute bar trends, after lunch.
In hindsight, with the VWAP below the 78-Period pivot and the Discretionary / Staple's Ratio slightly bearish, the best setups were to the downside after lunch.
Charles
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