No trade day for me.
Wide open range. Sideways AD line. Price action held within range.
Market open was the move of the day with a strong Market Breadth with the NQ leading the charge at 7:1. Crossover on the EMA charts gave way to a profit of 50+ ticks upside, to turn it around and take it all back.
With no momentum to the upside except the NQ, the TF remained within the 1 hour and 25m Open range which kept me on my hands.
Market internals were in the green. Only entry for me was going to be above 997.2 where there were 5 levels of resistance sitting next to one another. All 4 indices kept within the range except for the NQ which had a rise above.
We never broke upside, hitting the CAM H4 and holding the line.
Sometimes you just need to know when to sit.