Covered long at 4003

I am out of all my longs for little profit at 4003. There is too much choppiness around and I'd rather take home what I got.

• We have been sitting on the ascending trendline all morning long, with daily momentum negative and just below the 7 day weighted moving average.
• Intraday charts are still mixed.
• We have a potential H/S formation that could build up.
  

We are on the verge of a break-out to either side: confirming the uptrend channel, or else breaking below. I'll let the market do the break-out with its own money rather than mine.




I am done for the day. No morning update today given the choppiness, and I'll try to post an evening wrapper this evening.

Update: Where I on the lookout for a trade, I'd still be looking for weakness and divergence on indicators between the 4010s and 4030s.