The Market has been on a marvelous trip of chopping traders up. There is no direct follow through on the way up or down. The price action is extremely choppy. I call this a scalpers market. Take your 1k shares and just aim for pennies on the dollar. If not be prepared to get taken out your stop; only to be mad because the stock moved in your favor after your stop was hit.
To avoid the aggravation it is important to identify support and resistance on the larger time frame and eventually narrow it down to a smaller time frame. By doing so you can eliminate all the noise. Also reduce your size position if you are uncertain and manage your risk accordingly.
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