Still waiting on the daily chart for the sp500 to pick a direction. After wiggling around the 20 ema for the first half of March, it now looks like it is starting to consolidate on the 50 ema now. after that it could pick a direction. going back up would be fine. if it decided to drop from the 50 ema then that would put me in a new situation. i would probably avoid trading on this time frame for a while until its in a strong trend again, whether up or down.

all the trades im currently holding are longs and have been hanging in there so far. i wont jump out of them at the first sign of trouble like i did back in the end of november. i ll just hold on and wait.