Thoughts....

I posted a few "Intraday Setups" that are aggressive and suited more for the short term traders. If discipline is maintained with tight but objective stops, I feel they offer sufficient risk vs. reward. As illustrated on the Index Charts posted, the S&P and Gold both closed at resistance while the Dollar finished the day at strong support, which indicates to me the market is likely to be under some pressure in the short term. However, the sentiment indicator I follow looks the same now as it did this weekend so my enthusiasm is somewhat tempered. Until it changes, I'll continue to focus on trading around key S/R levels with tight stops.