depends on strategy. understanding a basic multiday trend can amplify daytrading profitablility significantly (ie 6 figure day) by allowing one to size up. merely reacting to market price action is profitable too but there is a ceiling. however, when there is no trend, trading off current day price action with little or no bias as you say is the only way.
========= Thats a shame they dont key all the tek stocks off INTC, isnt it; you may notice they gap up lots of stuff in bull markets. And with logical reasons ; gap many down frequently in bear markets/trends.
well, it wasn't the top, the spx 1273 area was retested 12/14-16 but at least it was still a good short entry. if it's any consolation the NQ did top on 12/6 congrat$$$ to the 9 bears who played $hort, hope they kept their positions through this month bullshit market, or at least reentered at a slightly better price mid december.