May 4th, 2017 Trading

First a note on yesterday's activity.

I usually don't pay to much attention to the news.
If there is anything relevant we will see the reaction in the market and all we have to do is manage it.

This is what happened yesterday afternoon when the Fed met yesterday.
The market reacted in it's usual schizophrenic manner with some relatively large fluctuations.
Fortunately we had chosen to wrap up the day before this happened and we missed this action.
These manic periods in the market can be a train wreck if you get on the wrong side of things.

Now for today.

Overall the markets appeared to like the Fed's middle of the road position as most of the indices posted a late day rally and the futures are up in the overnight markets.
Would like to see a pop today and take this trade out.
We still have our Target set at 2394.50.

We have a 4 point move higher from yesterdays close then moved into a sideways range.
We got a little action higher just after 2:30, the European open, the at 4:30 bar closed higher with a buy signal. Not taking anything this morning will wait until closer to market open.
Strong pullback coming into the open gives me a sell signal on the 10,000 tick chart @ 8:06 am so I sold 2 @ 2387.00. Set the target for both @ 2386.00.
The 8:30 bar gave a conferring sell signal on the open as well.
Target hit we are flat with a $95.00 profit.
The 10,000 tick give us a continuation trade. Short 2 @ 2385.00. Target @ 2384.00.
Target hit, we are flat with $190.00 profit.
10,000 tick gives another continuation trade. Short 1 @2384.75. Target @ 2383.75.
Target hit, we are flat with $236.00 profit.
2,000 tick rally into lower high, then sell signal. Short 1 @ 2383.50. Target @ 2382.50.
We are not into yesterdays close, possible area of support.
Target hit, we are flat with $285.00 profit.
10,000 tick another sell signal. Short 1 @ 2382.00. Target @ 2381.00.
2,000 tick rallied into a lower high, then sell signal. Short 1 @ 2381.75. Target @2380.75.
2,000 tick rallied into a higher high with a buy signal, pulled back then rallied of the higher low into a second buy signal. Took 8 long @ 2383.50. 2 to cover the shorts & 6 for recovery. Target @ 2384.50.
10,000 tick gives a supporting buy signal, same entry price.
Target hit, we are flat with $404.00 profit.
Consolidation in the 2,000 tick then BO.
10,000 tick gives buy signal. Long 1 @ 2384.50. Target @ 2385.50.
Target hit, we are flat with $451.00 profit.
Consolidation in the 2,000 tick then BO into buy signal. Long 1 @2386.50. Target @2387.25.
We retraced about half way on the morning run down and it looks like we may be getting some resistance.
Resistance held. 2,000 tick consolidated then price BD into a sell signal on both 2,000 an 10,000 tick charts. Short 4 @ 2383.50. 1 to cover long and 3 for recovery. Target set @ 2382.50.
Target hit, we are flat with  $442.00 profit. Lost a little on that one. Should have taken 5 contracts.
Now back at our previous support level.
2,000 tick rally off support into lower high, then decline into sell signal. Short 1 @ 2383.50. Target @2382.50.
Did not come to target. 2,000 tick made a higher low then rallied into a buy signal. Long 3 @ 2384.50. 1 to cover short and 2 for recovery. Target set at 2385.50.
We are approaching the time of day when the market can go into the doldrums. Lower volume and volatility.
Target hit, we are flat with $472.00 profit.
We have close to our $500.00 profit target, so I am going to step aside for the rest of the day and watch.

Below are the Daily summary, Equity chart and 10,000 tick Chart up to this time.