1 Apr 2015 - Did You Get April Fooled?

You probably weren't the only one.  Since last night the Futures market had 4 swings.  Hard to trade that even if you are good.  So if you hate volatility, stay with the trend and don't panic in these conditions.

Intra-day charts started the morning with a downward direction forcing the ST to curl towards the downside but not enough to cross down unfortunately.  Will have to wait till tomorrow to see what develops.  Due to volatility the signals become more lagging, but clears up eventually.  We should learn to trade days like these when the market does start to correct in a large way.  The trend will keep you in line with your goals so a strict conviction on your trading rules are needed.

The EW pattern suggested yesterday did not materialize and evident since the start of the open.  ST remains up but could open tomorrow with a cross down. Therefore trade any intra-day trend pointing down if that is the case.

MT: DOWN
ST: UP
PA: DOWN