Trading in the Middle of the Range

I am not taking any trades as of now. We filled the gap just before noon around 1122 on the ES, that was the opportunity to go short. At this point, unless you are still holding the short, there is really no reason to be trading. I will be waiting for the 1110-1112 area where I will look for longs. To take a position where we are currently trading at the volume weighted average (1118.25) would be like flipping a coin. I will however consider selling the upticks in anticipation of a further move down, but in reality, I really don't like this market action...

Market Needs to Move Back up To Yesterday's High

We should fill the small gap down this morning and then re-test the highs at 1124.25 on the ES. I still expect to see 1128-1130 before the market can sell off. I will be looking for potential short entries there.

We are threatening to move down at the moment. If we do, there is support at 1110-1112 at what point I would look to get long in anticipation of then moving back up to fill the gap... Not expecting any big moves today as we may just continue to consolidate...