Lack of bullish conviction from the participants.
Probably it's Friday, a profit taking day.
Two trades are probable here, buying in the open and close it around 11:00 am. ET.
And the second is to short the market after the first long trade and cover it in the close.
Simple trade setup but it's not easy, don't you think so?
I guess it is, but proper concentration and using multiple time frames will help to catch the trade.
