MTBigsky

Frustrating Choppy Market

FX:SPX500   S&P 500 Index
This market has been frustrating. Just when it looks like it's about to fall apart, it rallies. Just when it looks like it's about to shoot the moon, it sells off. I've been thinking it's topping out for a while now but it just continues to hold up amazingly resilient. I'm basically determining my bias via prices relation to the 100 Day Moving Average. Above I will be bullish and look to buy the dips. Below the 100DMA(red line) I will be bearish and look to sell into rips.I am only trading this mess through intraday scalping opportunities, I have no desire to push my luck and swing trade until the market declares itself decisively in favor of the next trend.
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