The only opportunity that I see for the day was a first push trade into the the 1397.50 level for a long. Today was quadruple witching and the market could not pick a direction. It ended with a 5 point range. You got to know it was a low volatility day if the whole day’s footprint chart fits in one screenshot.
I personally skipped the first push and scoped the 2nd push but could not pull the trigger. The 2nd push had potential trapped traders below yesterday’s close, but I wanted more and waited for buyers to step in which didn’t happen. Thus it was a no trade day for me.
As mentioned in chat, because of options expiration, it was a small target only day. Depending on the target and where one entered in the level, a small target could have been reached or the trade would be closed near the close. There is no need for an annotated chart today because there’s really nothing more to explain.
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