I just can't work under these conditions! The intraday choppiness got even worse today. The market gapped down then had two cycles of mini-rallies & mini-selloffs. So it was just a microcosm of what's been taking place in the daily charts for the last month. So it's just more consolidation as the market waits for some catalyst to push it out of its several week long trading range.
Trend Table
No Changes
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Down | Down | Down |
| Intermediate | Down | Down | Lat |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
*** I'm simply using the indices' relations to their 200, 50 and 10-day moving averages to tell me the long, intermediate and short-term trends, respectively.
I feel your pain. Sitting on my hands is getting old.
It's even hard as a Swing Trader. Stops getting clipped at tops & bottoms all day long. Failed gaps killing me. Very frustrating.