Like A Roller Coaster

The stock market has been selling off toward the close one day, and rallying toward the close the next day, like a roller coaster going up and down. The SP500 seems to be setting itself up to break below the 1065 level and then it reverses and moved near the 1100 level. It is this type of price actions makes it difficult to establish any position other than day trading. But even with these volatile market movements, a sign of consolidation is starting to appear. If the SP500 breaks above the 1100 and reclaim the 200 SMA, I will be looking for setups to go long. But until the SP500 moved above 1100, I will remain on guard for any sudden reversal that can lead to a break below the 1065 support level and I will be aggressively shorts if it breaks below 1040.