Premarket: This trend of trading every other day is getting tiring but there's nothing I can do about it. Yeseterday looks like it was a clean breakdown in the morning and could have been capitalized either early in the morning for the rejection at VWAP, or later in the day around 10. THe rest of the day looked pretty unpredicatable but we ended up closing at the -pivot. Going into today we don't have any real big news but AAPL reported earnings last night that were strong so we have been moving up. The pivots of interest are as follows: 0pivot at 4084.92, +1pivot at 4107.58, +2pivot at 4140.67, -1pivot way down at 4051.51. Looking at a more macro trend the 1h chart appears to be forming a descending channel which we are near the top of today. We are opening above the premarket range also so this may be a long day. If we break down below VWAP and retest then I will look for a short to the 0pivot at 4084.92. Key support level on the way down is potentially 4090.5. If we continue above the +1pivot and hold, the next real level of interst is back up at 4132.5, with the +2pivot at 4140.67, however this seems like an awful large move to have at the end of the week and would put us near the high from Wednesday, and way above the trend line. 

Trades: No trades today - I was busy with a lot of things this morning so I missed two opportunities to get long. The first was at around 9:50 to 9:55 on the 5m pullback with the second being at 10:20 or 10:25 on the 2nd 5m pullback, for a move up to the +2pivot. The VOLD/ADD were screaming long today.