Take what the market offers you, or trade the Russell 2k Index. Since the Semiconductor Holder SMH doesn't have a futures contract--yet, we transfer signals observed there onto other index contracts. But sometimes trading ranges are narrow and offer little opportunity, like today in the ES and NQ contracts. But if you were keeping an eye on the more volatile mini-Russell 2000 Index, symbol MR or ER2, today's offering wasn't too shabby. First, a pair of Opening directional signals between the SMH and ER2, the Re-ORB and the Range High/Low Opening, were good for about 5 pts in the mini-Russell. A smaller profit was offered near a Noon Hour High at a trendline break in the mini-Russell, after a pair of MidDay Triangles signaled a reversal in the SMH. This short trade was good for about 2 pts if held to the Last Hour Transition Time. The SMH then signaled a reversal swing back to the long side, but there were no clear patterns nor sufficient volatility left in any of the indices to warrant a position. If you want to learn more about these and other intraday index swing signals, join our trainging group for Pivots, Patterns and Self Recognition, available at daytradingmethods.com (click image to enlarge)