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JJ, Don't take this the wrong way, but it seems like your trading style has changed. Correct me if I'm wrong, but I thought you were more of a breakout/trend trader vs. counter trend trader.

I understand your dilemma; however, don't get into the habit of making significant changes to your system just because you are having a bad day.

I shorted at 1240 (price). Done for today.:)

Now we have a break to the downside based on the ACD Method.

Hell could be up or down depends on your position.:D

Based on the ACD Method the market is still range bound:

I did well today (got my net 2 pts.). :D

Good job!

I didn't trade well today. I was too impatient and took a trade long, during the lunch period, without a confirmation; therefore, I was down big time. Fortunately, I was able to regroup and trade my way to breakeven.:( One bad decision can cost you dearly in this game.

Was just looking at retracement % of the up move (1275.75 is 50%, & 1273.75 is 61.8%). Glad it workout for you.:D

IMHO I believe there will be a significant amount of buyers at 1275.75 (50% retracement of this up move). Maybe the PPT (Plunge Prevention Team) will be buying.:D

I hope it's not an inside day.

Please explain how to use it to trade?

Any thoughts for today?:)

I took it at 1270.50 (short) for 1pt.; then went long (for 1.25 pts.) after price confirmed it was going to reverse off the 200 ma. Done for today.:)

200 ma 1267.62

Got out at 1275.50. Done for today.:D

Went short 1276.75.

Since we are in the lunch period it's probably best not to take any trades, unless price breaks 1284.25 or 1271.

No. Price action (LL) has not confirmed it yet.